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Rough calculation for LM (profit/oz is a estimate based on...

  1. zoidberg
    1,368 Posts.
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    25/07/14
    13:51
    Post #: 13715035
    Rough calculation for LM (profit/oz is a estimate based on 300/oz cost). We should net around 3m/year on the tailings, and over 12m/year when the pit is extended.

         
    1 Grade 0.7 3
    2 Tpa 300000 300000
    3 Profit/oz 1000 1000
    4 Oz/year 7500 32,143
    5 Profit 7500000 32,142,857
    6 40% Share 3000000 12,857,143

    Based on this I reckon LM is worth +5c to current price at tailing phase, and +20c when the pit is extended. That's just factoring in LM
    Last edited by zoidberg: 25/07/14
    GBZ Price at posting: 2.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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