So we have nearly 4000 oz over 2 quarters, which at a very rough estimate would generate $4mil in income plus $5mil from Infiniti share issue.
We would have about $9mil of revenue over the last 6 months, less the operational and crusher expenditure.
We should have cash in the bank and be nearly self financing in the next 6 months.
We are have 50k - 60K ozs in the tailing dam and 24K oz in other stock piles (no mining required, just shovel it into the mill).
This is over $80mil in value alone(minimum).
WHY WOULD WE SELL THE COMPANY AT THIS TIME ON THE EVE OF SUCCESS, IT IS BEYOND BELIEF.
Hold your shares, keep SBL in Australian hands, we only need to vote in a new board.
PS. If the offer goes over 2 cents cash, I may be tempted.
- Forums
- ASX - By Stock
- Ann: Crushing Plant Fully Operational
So we have nearly 4000 oz over 2 quarters, which at a very rough...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online