AUL 0.00% 28.5¢ austar gold limited

Ann: Presentation, page-20

  1. 11,416 Posts.
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    Finally had a chance to crunch some numbers.

    The current presentation says they could produce @ 2,000t/mt, if you use current gold prices $1350 that is almost $5m gross per month. That is almost Mantle's current MC. Even if you use Norton's old processing cost of $800/oz and an additional $50/t on shipping you still end up with $1.8m per month or over $20m per annum.

    IMO the strongest way forward is to build a fast revenue and mine cred. I believe the margins will be quite good.
    Last edited by vertigo: 13/06/14
 
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