it appears your initial assumption was correct, projected annual profit will be $35m AUD in 3 years.
Sales assumed 88% of $1650US and 70% of $22 US is fairly conservative. As long as those price hold up till end of this year, our finance is secured.
I do not expect 1st dividend to be declared till June 2025 as AAU need to reinvest $20m a year to fund further explorations and we have 3.
Cost to mine is low as we are selling concentrate not actual gold or silver. Labour cost in Cuba is so low and I am shocked, $740 AUD per year.
Ann: Financial Results from Scoping Study, page-30
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