Just throwing it out here - pick to pieces if you wish......
At current gold prices and exchange rates the current operating cost break-even
production level at Edie Creek is approximately 2580 grams (83ounces) of gold per month
rough 25 Day figures
60 Tonnes x 10grams = 600grams
25 days (for a month) x 600grams = 15,000grams
15,000 - 2580 = "12,420" grams of profit
12months x 12,420 = 149040 grams for the year or approx 4794.7 ounces
4794.7 ounces x $1500 aud = $7,192,046.50
40 Tonnes x 10grams = 400grams
25 days (for a month) x 400grams = 10,000grams
10,000 - 2580 = "7420" grams of profit
12months x 7420 = 89040 grams for the year or approx 2864.46 ounces
2864.46 ounces x $1500 aud = $4,296,697.67
-------------------------------------------------------------------
rough 20 day production figures
60 Tonnes x 10grams = 600grams
20 days (for a month) x 600grams = 12,000grams
12,000 - 2580 = "9,420" grams of profit
12months x 9420 = 113040 grams for the year or approx 3636 ounces
3636 ounces x $1500 aud = $5,454,837.20
40 Tonnes x 10grams = 400grams
Say 20 days (for a month) x 400grams = 8,000grams
8,000 - 2580 = "5420" grams of profit
12months x 5420 = 65040 grams for the year or approx 2092 ounces
2092 ounces x $1500 aud = $3,138,558.13
NIU Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
