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Ann: Initial High Grade Tintic Mineral Resource at Kingman, page-5

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Jonotr0n

968 Posts.

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06/12/23

10:38

Post #: 71296938
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Originally posted by Jackster99: ↑

Well I thought it seemed quite positive but clearly Mr Market not so keen .... SP down

I'm relatively new into gold miners and still trying to get my head around how to get a rough estimate of the "cash flow" value of a mineral resource find such as this. I'd welcome someone with good knowledge to lend a hand .... here's a stab in dark:

The latest AISC for North America is $1,523 USD (ie $2,324 AUD). The current gold price is $3,082, therefore this would "suggest" free cashflow of $758 AUD. So I assume the 60k oz of gold "could" yield $46M free cash flow.

Is my guesstimate complete dribble or am I in the "ball park"? I guess 689k oz of silver might provide another $8M?

If so, this seems quite good...

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This operation should have lower operating costs. Basically a couple of excavators digging and trucks running back and forth to a third party plant.

RIE Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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