CGM 0.00% 0.1¢ cougar metals nl

announcement we've been waiting for, page-16

  1. van
    745 Posts.
    lightbulb Created with Sketch. 49
    Hi all ,
    I,ve worked thro some rough nos. and if you use gold production as per the !st 2 weeks of Oct and extend out to the full year the nos are eye popping
    assuming head grade was as per previous qtrs they must be putting thro about 2x ore which would mean 2x tailings at about 1oz/ton
    gives rev 7mil/qtr -profit would have to be at least 1/2 this ie 14 mil/yr + at least 3 mil from drilling ie 17 mil/yr p.e X 8- 136 mil MC ie 5x current sp
    -would be interesting to do some spreadsheets to give a range- by yrs end I trust we would have sufficient data re costs /recoveries etc to make this more meaningful.However ,I,m not waiting too long
    chees van
 
watchlist Created with Sketch. Add CGM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.