Good to see someone positive on the company Salt.
96 ounces for Dec and improving. 80% improvement mooted in the recent ann takes that to 173 ounces per month. Multiply by 12 gives us 2,076 ounces for the year. Multiply by AUD 1260 current spot price equals revenue of circa $2,600,000 per year.
MC of OGX is currently only about $10 million.
I know that the company has got debt etc... but the above production figures should only be a base case. A big improvement on this production will make OGX look cheap at today's price.
Disclaimer: All the above is my opinion only and should be taken as just that.
Good to see someone positive on the company Salt. 96 ounces for...
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