You're welcome Tim.
30 truck hauls per day at $283k worth of gold per truck haul, would generate $A8.5million in gold sales each day. In a 5 day week, that is over $A42million in gold sales revenue.
48 weeks of mining at $A42million in gold sales per week, that equates to annual gold sales from only one of their 4 deposits at $A2Billion. Lets assume an AISC of $A1,400/Oz, that still leave an annual profit of ~$A700million to $800million.
I'm looking forward to seeing the next batch of gold results and if they do confirm they have a commercially viable gold mine in this 1.2km strike at Alexander River, especially in the areas between the high grade gold shoots and high grade gold lodes and the areas marked with a ?
Ann: Siren Strikes Significant Gold Mineralisation at Reefton, page-92
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