MDI middle island resources limited

Some quick back of the envelope calculations Assumptions aiming...

  1. niz
    1,130 Posts.
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    Some quick back of the envelope calculations

    Assumptions
    aiming for 1m - 1.5m resource (will use 1M ounce conservative)

    current price of gold $1644 (Conservative will use $1600) per ounce

    Current shares on issue assuming circa 2.7 billion (including options)

    Assume cost of producing will be $1100 include machinery break down etc (not accurate by any means just a googled approximate)

    Gross Profit
    $1600 x 1000000 = $1.6B

    less $1100 x 1000000 = $1.1B
    Total $500000000 / 2.7B Shares = 18.5c/share

    This is very rough calculations even if we were to make it more conservative and remove another 25% would still give circa 14c

    All imo still a lot of factors not considered

 
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