HRR 0.00% 4.5¢ heron resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-48

  1. 6,165 Posts.
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    Lot's more drilling centred on the G2 lens since then, hence the use of the following more recent figures in my calc above.
    https://hotcopper.com.au/data/attachments/1687/1687510-5e139f40d07cafef154ceebc0c83931b.jpg
    https://hotcopper.com.au/data/attachments/1687/1687512-4d3127655dc5a9bf49c2330289bbd70a.jpg

    Regardless if we use the steady state production numbers from 2016 FS P.38
    https://hotcopper.com.au/data/attachments/1687/1687513-8bd305874e9bf0f533f804900235093a.jpg

    Earning on based on FS above at 09/08/2019 spot USD price:

    Zn 40,000t * $2,256/t = $90,240,000 usd 47%

    Cu 9,700t * $5,722.50/t = $55,508,250 usd 29%

    Pb 11,500t * $2,069.00/t = $24,828,000 usd 12.99%

    Au 3,600 * $1,497.70 usd oz = $5,391,720 usd 2.82%

    Ag 894,000 * $16.95 usd oz = $15,153,300 usd 7.93%


    Total: $191,121,270 that is still a substantial cashflow coming in.

    Combined Au & Ag 5,391,720 + 15,153,300 = $20,545,020 usd or 10.75% earning still not bad...

 
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