To be fair though, if the price of silver/gold stay around the same as now they'll likely be looking to make 40-50M profit next year.
With 12 months of silver mining and price around $31.5 they'll make ~70M AUD in revenue and apparently ~40M will be profit according to the big man. So if we assume $30M in costs (won't matter much when mining starts up and the switch to 100g/t material begins as the 2 offset each other)
Price of silver (AUD) / Profit
$31.5 / $40M profit
$40 / $57M profit
$50 / $79M profit
And say we hit $50 USD silver, well that will result in 122M in profit. So a silver doubling in price results in a 3x in profit. All these profit numbers will be higher if silver rises due to costs being the same yet silver price increasing I just am giving some rough figures for people to eyeball here, the real numbers would scale higher as silver price increases due to moving onto 100g/t material 6 months in.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12
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