General Discussion on AAU, page-781

Hey Sigs, makes for a compelling argument the SP could be a little skinny..

Using $1650 for Gold I take it as;

54000t x 38.5g/t x (47.35gm) = 1650oz x .75 (offtake agreement gold val equivalent) = $73,823,888
+
11000t x 28g/t x (47.35gm) = 1650oz x .75 (offtake agreement gold val equivalent) = $10,936,872
+
11000t x 33% x $11000t x .75 (assumed the same as offtake agreement gold val equivalent) = $29,947,500

So even without the silver, of which the price is down apparently it is more than countered by the sale of antimony and equals a total of $114,708,260 per yr, without silver.

50% of which $57,354,130 goes to Antilles.

Costs will be key but there is both headroom in the gold and credits for the silver to counter and on initial estimates Brian was quoted as saying the antimony added about $150m to the NPV on an approx rev of $25m a yr.

The biz case for the SS shouldn't go backwards I'm guessing, now where is it?

GLTAH H8tey