Stawell producing 9000 oz a month cash cost around $500, $300 margin makes $2.7million cash a month, less development costs so probably $1.5million a month cash flow, $15million a year cash flow after admin blaaa blaaa
PSV paid about $45million for Stawell a year ago or so, its still worth $35 to $40 million. Just raised another $26million cash, plus the $5 or $10 millionthat was in the bank
So you get Fosterville for free!
Thats why I bought back at 8.4c! 3,000,000 ounce resource for free! Deal of the century. They just gotta hang in there for 12 months and get that mine in working order.
20c by year end, $1 in three years
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perseverance corporation limited