I ran a spreadsheet on Munda revalued and fully diluted with all the oppies converted. If we spilt the profits 50-50 again as we did with Jeffrey's Find ( are we going to do that though?) I get 46 cents a share at today's gold price. I am presuming the company is quoting profit before tax and royalties which is 25% and 2.5% respectively to federal and state govts.
All going well Jeffrey's Find stage two is going to be pouring gold next month According to the news release of March 22nd "Six months of mining generated almost $10 million in surplus cash for Auric and its JV partner, BML Ventures Pty Ltd of Kalgoorlie. Mining at Jeffreys Find has commenced for the 2024 year. The first processing is scheduled at the Greenfields Mill in mid-late April 2024"
Put that on the plane and send it off to Perth mint and let's hope we're pouring with gold at an all-time high again!
With stage two at Jeffrey's Find set to process almost double the amount of ore than in stage one we can look forward to close to ten million in profit for stage two along with another 4 millionor so in the bank which should be ample to cover the costs of mining opoerations at Munda.
2024 is looking good!
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