Worth remembering that the although the average production from the first three years at Shambesai is 35k ounces, the operations manager has 1.25M options which only vest if 50k ounces are produced in the first year!
The average costs for the first three years is 180/oz
At current gold prices Shambesai could generate +60M EBITDA in the first 12 months.
50k oz first year
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