HAV 2.38% 21.5¢ havilah resources limited

Cost of production, page-4

  1. 403 Posts.
    lightbulb Created with Sketch. 34
    Thanks for that link.

    I looked at it and couldn't reconcile the $300 they estimate for two reasons

    1. Total production is 50.4k ounces and at $300 per ounce that equates to over $15,000,000
    2. 50% of production is 25.2k ounces and at $300 per ounce equates to over $7,5oo,000

    The total costs allowed for in the model inclusive of royalties are $6.8m which of course implies less than $300 per ounce but isn't HAV responsible for 100% of the cost of processing and CMC responsible for 100% of the cost of mining which to me implies that the cost of processing should be closer to $600 per ounce.

    What am I missing?
 
watchlist Created with Sketch. Add HAV (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.