Thought its pretty amazing news, yet no reaction sp wise
Lets look at the maths
15,000 ton of ore /mth @ >2gpt is approx. 964 oz/mth
964 x $1625 = $1,566,500 in gold /mth
WWI share at worst case, absolute worst case will be 0.5gpt or 1/4 of outputs
So 1/4 of 1,566,500= $391625 free cash/profit per mth
391k x 12= *$4.7 million free cash flow/profit p.a
All this for company with 1.3mill oz jorc resource, a MC of $8.2 mill
PLUS
Elephant country in Indo
No Debt
Still believe this company WWI is about to start to deliver in spades
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Mkt cap ! $40.66M |
Open | High | Low | Value | Volume |
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11 | 6178999 | 0.014 |
6 | 2407587 | 0.013 |
4 | 2507223 | 0.012 |
7 | 609033 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 3975133 | 7 |
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