Morning Big k , how are you buddy , excellent advise , never fall in love with a stock
Either way this is a bloody cheap Gold mine with just a really easy and fast open pit ( Phase one ) model to some very quick production !
Open pit mining for Phase 1 presently scheduled over four years (annual mine production of 720,000 tonnes per annum) to produce an average 24,900 oz of gold per annum
Total revenues from Phase 1 of US$138.6 million, with average annual revenues of US$30.80 million at a gold price of US$1,250/oz and average annual pre-tax net operating profit of US$11.14 million
Capital cost of US$25.15 million,
with operating costs of US$792/ozIn my World thats as easy as Gold Mining gets , start digging !
Anyway , well done to all holders
will be a interesting Day !
