It is ridiculous to think that they have managed to concentrate the existing “low grade” to 16.2 g/t.
Couple that with a processing plant that can handle 110kt per year, and we will be generating 58000 oz per year to ramp up the project.
Cant remember the AISC, but let’s assume they can keep it at $1500 (probably less). With the current gold price, that means a yearly revenue of 155M, give or take.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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Last
21.0¢ |
Change
-0.010(4.55%) |
Mkt cap ! $42.36M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 20.0¢ | $763.9K | 3.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90952 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 60639 | 3 |
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