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