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.
- Forums
- ASX - By Stock
- AUL
- Ann: Presentation
Ann: Presentation, page-20
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online