NIU 0.00% 2.0¢ niuminco group limited

Just throwing it out here - pick to pieces if you wish...... At...

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    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
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    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
 
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