Could you please explain how you calculated an EV of negative -$40M?? I got an EV of positive $81M
Rands share of bullion was 4,188 ounces. Which equals roughly $10M, less than half of which will be profit.
I don't know where you are getting $120M from or 50,000 ounces? 50,000 tones of ore, yes, but 50,000 tones of ore does not equal 50,000 ounces of pure 24ct gold.
Did you even read the report? Its only 11 pages!
Amazing how when people have a vested interest in something they will see information and interpret it to suit their own made up reality.
Ann: Quarterly Activities & Cashflow Report - March 2021, page-18
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