@izlush updateNow*2.3cpht @ US$610 (run of mine average from all...

@izlush update



Now

*2.3cpht @ US$610 (run of mine average from all Mothae sales to date) = US$14.03 per tonnes
*Operating Costs of US$12.56 per tonne (H1 update)
= +US$1.47 per tonnes x 298,726 tonnes treated Sept quarter = US$439,127 cash flow positive per quarter x 4 quarters = US$1,756,508 per year x 70% (LOM share) = US$1,229,556

I would assume sale average to be some what higher now they are in the better part of the Kimbo. Based on this sale, that = US$837 average, gives average of US$19.25 per tonnes. Running above at that that average gives +US$6.69 per tonne x 298,726 = US$1,998,476 positive per quartersU x 4 quarters = US$7,993,907 positive per year x 70% = US$5,595,735

Starts to look OK with that value for run of mine at that throughput.

Will be watching the next few quarters at Mothae with interest.
.