OGX 0.00% 0.3¢ orinoco gold limited

Crunching the numbers

  1. 605 Posts.
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    I thought I would crunch a few numbers. Feel free add to correct my numbers as you see fit. Ive gone for an quite conservative approach.

    35,000 tonnes x 15gpt = 18,518 ounces
    18, 500ounces x (GOP1600- 900 cash costs) = 12 950 000 profit in the first year

    Used 35,000 tonnes as you would imagine it would take a while. Plans to ramp up to 60,000TPA
    Used grade of 15gpt however this could prove to be a gross underestimate with 500kg bulk sample in the Mestre winze having 39gpt. Somewhere in between i would suggest would be appropriate
    Used cash cost of $900 again could prove to be a gross overestimate. With peer cash costs around the $600pt mark.
    Gold price of 1600 with potential upside.

    Let the fun begin.
    All IMO.
 
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