I decided to have a 2nd look at the 6th processing campaign.
SAU has produced 30,320 oz so far.
With 20,000 being sold at the fixed price of 1,530 and a production cost of 1,000 per oz (see nASX6D6SG5_SAU_1473126347.pdf from Sep 6th), that is $5.3m already in the pocket (50/50).
With the 6th campaign over, we have an additional 10,320 oz processed, and at the lowball price of 1,600 for the November-December period and the same costs, we get another $3.1m for SAU.
That is $8.4m in total, minus $2.7m destined to the working capital facility, leaves $5.7m so far to SAU.
And then we still have another 20koz to mine and process, and again, 50% of the cash flow will come to SAU. At an over-pessimistic 1,550 average, that is another $5.5m, so, a healthy $11.2m in the pocket, free of debt.
I decided to have a 2nd look at the 6th processing campaign. SAU...
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Mkt cap ! $5.443M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 345000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2600000 | 3 |
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