Thanks..
Just did a quick calculation (someone please verify my maths), 850k tonnes of stacked resource at 1gram per tonne, equals about 27,000 ounces... most of the cost is digging and crushing which is done... if they made a minimum of $550 per ounce (probarly more because of Minimum cost from a crushed point) that's a minimum (IMO) 15mil sitting in crushed and stacked resources (boom asset paid, shortly after production starts) this deal is actually looking better, the more I look into it.
IMO, IMO
850,000 tonnes = 850,000 grams (at 1grm per tonne) devided by 31grams per Troy ounce= 27420 ounces x $550 (profit per ounce) = $15,000,000
Ann: Voluntary Suspension Update, page-97
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