For full context this is the original "for fun" estimate that I posted at USD $3,000 per oz. Could it get there in 4-5 years, maybe if gold bull continues like previous bull markets. That calculation was based on 25% additional dilution on top of fully-diluted share issue.
https://hotcopper.com.au/posts/44445532/single
Below is the more balanced set of scenarios, now using an additional 40% dilution on top of the the fully-diluted share issue (moved from 25% to 40% based on comments from @nissassa ). Key is to get to the point of production & cashflow so that the company can turn the tap off for cap raises.
The first 3 are in the range of possible at this point in time ( based on numbers in videos/interviews of 5-7 Moz resource).
Key assumptions here are:
I then model different production scenarios.
- USD $1750 gold
- AISC USD $784 as per victoria gold
- Up to 40% additional dilution to fully-diluted share issue
- 65.7% of resource converted to reserve
- 76% recovery
For full context this is the original "for fun" estimate that I...
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