Here's a fun calculation for those inclined to doing some...

Here's a fun calculation for those inclined to doing some maths

What is your annual income from holding shares in CGT measured in gold ounces ?

(using CGT's estimated production of 50,000 ounces per year)

annual income = number of shares held divided by total shares issued * 50,000 ounces

for convenience let's say you have 1,000,000 shares

annual income = 1,000,000 divided by 1,528,000,000 * 50,000 ounces

annual income = 32.7 ounces

if extraction, processing and admin expenditure is two thirds of these 33 ounces (a reasonable guess)

then your annual nett income will be about 11 ounces

at the current price of gold your annual income would be about A$1800 multiplied by 11 ounces equals about A$20,000

the cost of purchasing 1,000,000 shares is about A$60,000

looks like a 33% annual return on an investment in CGT shares