Yeh talking bi annual profit...the goal will be to either extend lom down dip which they know from modelling the mineralisation extends...
Im working of the conservative recovery rate of the indicated cost for G2....Im also deducting production of the waste ore mining the last 3 months that will have been part of the C1 costs and in addition mining, crushing and stockpiling of ore immediately in January which will all.be part of the one million which many are looking at as unrecoverable cost....so if youre looking at profits post sales the margin is a lot bigger in terms of worling capital moving forward from that point....either that or you cant really factor the one million in as lost expenditure as its therefore recoverable on sales...cant have it both ways.
So yeah $10 millllion if your not counting tailings...and only affording conservative recovery...using the current TIN price conversion which is unlikely to ne the average over the next two years.
When you factor in expenditure to this point, slighty higher recovery and tin price, unprocessing tailings and its not hard to even arrive at $20 million for the 2 years.
$10 million profit is a nice conservative figure imo.
ANW Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
