As some others have pointed out, your calculations are just plain wrong. As for the delays with Sandvic, these delays are only by a few months, not 12 months and the agreement is the payment starts when the gear arrives, so this means it isnt costing them anything until then. Also to note that the deposit paid was to lock in the deal (Interest Rate at 5.75%) which if we had waited until now would be more like 8-10% ($2k - $3.9k extra interest per week). They have been saying for months that the start up will be June as they need the environmental permits in place and the draining of the pit which takes time due to the minerals in the water that need to be diluted.
There was a nice video of Kevin with Andrew in an earlier post that Kevin compares the grade with gold. 17g/t of Gold is what our grade is compared too and if you know anything about gold, that is huge. (Parker on goldrush has grades of 2g/t and makes millions in profit). He also mentions that the pit has a life of about 5-6 years and should produce around $70m profit per year, thats before we even go underground or to any of the new drill holes.
As always, DYOR.
As some others have pointed out, your calculations are just...
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