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?
Thanks for that link. I looked at it and couldn't reconcile the...
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