With gold at $800 AUD, it appears that AGD's Costerfield operations will generate $16.8M Aud from gold alone (21,100 oz production). In addition it will produce 3,300 tonnes of antimony metal (@ $5777 Aud/tonne) making a further $19m Aud. This gives an expected annual revenue of $35.8M. This equates to an earning of 27c per share.
With an expected capital expenditure in the order of $12.5 million, this should get a capital payback in around 4-5 months of operation. Then it will be in the money!!!
Why is no one interested :)
Some pics of the Costerfield open pit and new plant here. http://www.agdmining.com.au/Costerfield.htm
AGZ
a.g.d. mining limited
With gold at $800 AUD, it appears that AGD's Costerfield...
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