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1.79% 5.7¢ greenwing resources ltd

another placement ?, page-79

  1. 1trader
    5,475 Posts.
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    19/07/11
    09:57
    Post #: 8693488
    The metal value contained in the tailings at current prices is over $4 billion.

    Ag-$1.296b
    Au-$1.206b
    Zn-$0.570b
    Pb-$0.784b
    Cu-$0.193b

    Using a production rate of 100,000ozpa gold equiv' using Bass's estimated operating cost with the pressure oxidation of $545/oz yields an impressive operating margin of $95m.

    Plus any additional credits for base metal production.
    BSM Price at posting: 20.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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