That's also what you value your reserves at. If the analyst report (I forget which) is in the money, $1050ish AISC (all in sunk cost) per ounce, means you'll have maybe $1500 aud profit per ounce
This is beyond back of the napkin but you get the idea...
10m ounces
$1000-$1500 profit an ounce
Less up to $1bn capex to build the hungry processing plant
5m oz more likely for MRE... halve it
Equals a number with many more zeros
It's not quite what you are calculating, sorry, but ultimately it's what matters
160, page-57
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