africa down under, page-30

In think its more important that they stabilise the commissioning of the plant. The last annc indicated that they were at 1,100 tonnes per day of throuhput. Dependant on grades (I'll use 2g/tonne) that means they are getting 2,200 grams per day.

Thats approx 71 ounces per day which = $130,000 per day of revenue. I would much rather they concentrate on this & lift the head grades (every 0.5g/t adds another $30k per day at current POG). - also need to mutiply by 70% for SBL's share but still good numbers

Of course the unknown is cost of production but we are still in commissioning stage so one would expect any costs will not necessarily be indicative of full production costs post commissioning.
We just need patience as they tweak the plant (my technical term), stabilise production, get to the higher grade stuff and keep on drilling but 'll take $130k per day, every day whilst they prove up resource and are self funding!

Way way undervalued still IMO

GLA

Maddoc