GSR 0.00% 1.1¢ greenstone resources limited

Just went through the numbers and worked out on today’s price of...

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    Just went through the numbers and worked out on today’s price of cobalt alone project is viable
    1280 tons of cobalt per year is $75mil @ $59000 /ton x 21 = $1.5 bln

    $43 pt x 1.5mtpa = $64 mil of cost per year = $1.3 bln

    Add nickel today’s price $10500pt x 1600 ton per year is $27 mil
    $27 mil per year x 21 is $565 mil
    So
    $103 mil per year x21 = $2.16 bln
    -minus
    $64 mil per year in production cost =$ 1.3 bln
    = $860 mil ( minus $212 mil capex=$648 mil)profit over life of mine at today’s prices which works out to be
    $31 mil per year profit

    Forgive me if I’m wrong I ant no accountant
 
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