Revenue to AAU from gold sales would be at least AUD$150m p/a by my very rough back of envelope calcs
60tpa x 1.5oz gold per tonne = $270m p/a + $30m p/a in silver credits = $300m divided by 2 = $150m
Allow $50m p/a for mining & processing costs, admin, and tax on profits
So in 5 years, AAU could be sitting on a cash pile of $300m, with another $300m incoming over the following 3 years.
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
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