Oh, the other good thing.
2.34m tonnes of DSO X $115/t = $269m USD or $404m AUD in revenues.
Let's say cash costs of $50/t (we know it is less), but that leaves us with a profit of....
2.34m tonnes of DSO X $65/t = $152m USD or $228m AUD.
Paul raised and spent $3.5m AUD and generated $288m AUD in profit.
That's an 82X return in investment.
A massive thanks to Stu Crow who underwrote the last raise. I personally appreciate your investment and contribution to the success of the company. I hope you still have your options and you are able to make some money from the conversion of them.------
Bonus Facts
Paul raised and spent $3.5m AUD and generated $288m AUD in profit.
Let's say 10% of just this resourceupgrade is paid out in dividends, that would represent $0.23c in dividends (a 140% increase on current share price).
JUST FOR THIS RESOURCE UPGRADE!!!!
We just raised another $3.5m to drill Satrokala, which is a MUCH BIGGER resource.
This IS advice to you Jerry. Read these threads, do some research, buy some shares.
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- Ann: Bekisopa DSO Mineral Resource Estimate Increases by 42%
Oh, the other good thing.2.34m tonnes of DSO X $115/t = $269m...
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