UML unity mining limited
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UML plan to mine a further 50k Ozs at Henty Assuming avg...

  1. strauss
    22,120 Posts.
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    16/07/14
    22:30
    Post #: 13670936
    UML plan to mine a further 50k Ozs at Henty

    Assuming avg production costs of $1,100 vs current Gold price of $1,400 that's $300/oz margin = $15m free cash = 1.3c a share in free cash

    add existing cash of around $6m = 0.5c

    so total cash should be around 1.8c alone once done so not a bad punt imo
    UML Price at posting: 1.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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