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7.69% 0.6¢ bastion minerals limited

careful with this one......, page-16

  1. plough
    34,241 Posts.
    lightbulb Created with Sketch. 1900
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    07/11/05
    15:50
    Post #: 1211926
    re: drama llama question for crow nice research, agent cooper
    80,000 ton * .7 ounces a ton recovered would give 56,000 ounces per annum
    this is a lot higher than they are now forecasting
    So I suspect at a production of 80,000 tons the grade must be now lower in their estimates ie possibly diluting with Au outside of area 2 to extend mine life, not such a bad thing IMHO if you dont use to high a discount rate on NPV
    BMO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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