Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-29

Well then-

70g/t * 80% recovery * 80tonnes per hour (twice their current milling rate) * 24 hours/day * 90% availability (gotta allow 10% off for shutdowns/maintenance) * $33aud/oz (current spot price) * 6 months of milling for existing Ag stockpiles…

= $18.8M in revenue. So take your processing costs off this and see what you get. If solely on a revenue/tonnage number as I’ve assumed above, the cost per tonne to process needs to be under $59aud/t.

having said all this, of course, higher grade/aud price/availability etc… will all help bring costs down and revenue up.

And hopefully once they get to processing silver next year they would have paid off their debt so that won’t be an issue moving forward