MXR maximus resources limited
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Ann: Burbanks Commences Production, page-4

  1. Spotty1
    578 Posts.
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    22/09/17
    17:12
    Post #: 27403209
    IMO

    Just had a re-think !

    That $720,000 pa estimate is before tax, so let's say tax 30% $216,000 then $504,000 after tax.

    The $2 million outstanding payment is over 2 years ! At $504,000 income from the mill doesn't cover the acquisition cost !

    IMO - sell the mill and do CR which may have to happen given mill payment and find a brown field development project !!
    MXR Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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