KAU 0.00% 17.5¢ kaiser reef limited

Yeah agree. Notice gold contracts up to $1980USD now ( up .5%),...

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  1. 2,788 Posts.
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    Yeah agree. Notice gold contracts up to $1980USD now ( up .5%), so looks like a slow unwind from holdings in the USD and US bonds is perhaps underway.
    My best guess is 2 1/2 months at previous production rates av 2250 p/m ,and 1/2 month at 4500 rate.
    So about 7,900t @ around that 15g/t. That’s about 3,810 ounces plus the remainder from the liners.
    In Dec quarter they said something like 2,500 trapped. The March quarter they said some removed and the rest the nxt ( June ) quarter.
    So I’m assuming around 1,200. That’d all up make 5,000 ounces @ $2800= $14 million.
    I’m assuming costs the same, so $8 million. That should leave $6 million for the bank.
 
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