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Ann: Spargoville 5A Bulk Sample and DFS Update, page-26

  1. Skup
    1,814 Posts.
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    17/02/23
    22:21
    Post #: 66320689
    Dude you are not factoring in the grade specified which was only 3% therefore you need to multiply the total $ by this. 2500t of dirt. Where are you getting 124kt from?
    Also did you not watch any of the videos posted by CD? There was 1 road train which would carry avg 75/80t a load. So I worked this out to be around 30-35 trips. Say $5k a trip is $150k based on 2500t.
    I think the split will be a lot less than 60/40. I think more like ESR to receive 25/30% to arrive at $500k profit.

    ESR Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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5.0¢ 		Change
0.002(4.17%) 		Mkt cap ! $102.5M
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