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1.9¢ clara resources australia ltd

Ann: Positive Results for Taronga Ore-sorting Test Work, page-208

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mikesz

2,178 Posts.

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28/10/18

16:36

Post #: 36289457
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Originally posted by MStien ↑

Am I misunderstanding your post. I am sure I remember reading a gold miners report stating their cost price was roughly $1,200 an ounce which at the current spot of roughly $1,700aud leaves a $500 margin multiplied by the number of ounces in a ton 500x32,000= $16,000,000. I don't remember if it was a junior but even assuming a margin a third of what has been used you would get significantly more profit per ton for gold. By the time we get Taronga going we will no longer be a junior anyway. Perhaps I am misunderstanding your post but it kind of seems like you're applying future potential to the current SP and saying we are so far ahead of everyone when we aren't yet making a $. Not trying to be negative it just read strange to me.

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Fair point. Was simply thinking "when we're producing" the cost, risk and capex of making our product versus profit when sold is just outstanding.

ANW Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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