https://www.australianmining.com.au/news/gascoyne-lines-nrw-300m-dalgaranga-gold-contract/
Costs expected to be $1000 per ounce and mining per annum expected to be 110,000 ounces for 6 years https://www.australianmining.com.au/news/gascoyne-lines-nrw-300m-dalgaranga-gold-contract/
That means a $1600 Australian per ounce gold price will net $600 x 110,000 per annum?
I estimate that as $66 million a year clear?
Company currently has $187 million current market cap, with funding about to be assured and other deposits to follow on.
Am I doing my maths wrong?
This is a genuine question!
Ann: Strong Results From Drilling at the Glenburgh Gold Project, page-8
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