24,000 dmt at 3.1gmsAu/t =74000gms=74kgsAU
so i looked up gold price /kg in aus$
and blow me down its 45,000Aud$
so 74x45=3330
that means gold to be poured is worth 3.3million aus$ (minus 7%, due to 93%recovery rate)
that certainly covers the loan plus interest.,
certainly covers all costs to final pour!
just not much profit.
i look forward to the announcement of final gold pour
and the continuance of phase one AND phaseII
shouldnt there be an end of haulage statement and a completion of milling statement,
and a pour statement.
VEC Price at posting:
1.6¢ Sentiment: None Disclosure: Unspecified