For those wondering if we can really make that much, well below is an extract from Metals X Renison mine and they only own 50%!!!!
you will note the calculation i used for cost and compared to theirs, theirs are higher as they are deep underground, we are not, hence should have AISC somewhere in the $15-18,000 range.
By the way Metals X are selling about double the 3,600 max as per this agreement, but they only own 50% of that yet are at a market cap of $450 million,
we get 100% of the income and would be producing (at max 3,600 as per agreement) and are only trading at $60 million market cap, time for a huge rerate I would say.
