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Ann: Quarterly Activities Report, page-33

  1. KTM1
    592 Posts.
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    09/11/23
    10:59
    Post #: 70804219
    Generally I agree with your sentiments.
    They have stated costs of $190/T regardless of grade ... so ASIC will very wildly 1.5g/t = $4000.
    They have demonstrated 43,000 T/qtr = 172,000 Tpa

    They have stated 120,000 high grade ore to be mined.

    I agree 3g/t 3-4 mil per Qtr
    Can they mine "high" 5g/t the numbers jump quickly.

    Only time will tell and all the points you make I understand.

    16 x 5c = 80c/ share .. probably not ...
    https://hotcopper.com.au/data/attachments/5721/5721176-48c29606b6aa3f8d5162681e3b534c4e.jpg

    Last edited by KTM1: 09/11/23
    SVG Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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