AAU 0.00% 0.4¢ antilles gold limited

Ann: Production Update Las Lagunas Gold/Silver Pr, page-12

  1. 1,749 Posts.
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    re: Ann: Production Update Las Lagunas Gold/S... i like the forward projections. ann states "stabilised weekly production of 380kg" expected within 2 to 3 months.

    so, if achieved, 380kg x 47 weeks (allowing 5 weeks annual plant shut down and dominican fiestas) = 17,860 kg = 573koz troy

    573koz troy (at 11% Au and 89% Ag) => 63koz Au + 510koz Ag

    assume Au cash costs of USD340/oz Au(including Ag credits) and current Au price of USD1,600=> 63,000 x ($1600 - 340) = USD 79.4M profit before tax. 85%/15% of profit split between PGI and Dom Govt => USD67M annual profit before tax for PGI for circa 6 years.

    compare that to current market cap of AUD $96M @ 15c.

    why are people selling today for 15c?

    k
 
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