Hi Snakpit are you able to elaborate a bit on that with some calcs. Quick back of the envelope calcs for me have been showing less than that. Please correct me if I'm wrong.
Mt Porter(34000/oz Gold)x [POG ($1700 say) - AISC ($1300)] say= 13.6Million
Now thats assuming 100% recovery and no tolling costs ect which is close to market cap but def not more than. If you could reason otherwise would appreciate as i am sure i am missing something. Thkxs
Also does anyone know if the gold deposits in Mt Porter is Oxide or Sulphur? If oxide it has a 95% or so recovery otherwise if if Sulphur it is 75%ish.
Have read through all Anns, and info and can't seem to find anywhere? Thanks
GO GOLD!!!
(20min delay)