You are correct, this is a major factor and given we are dealing with many levels of management: CLZ, GV and whoever the Toll Processing gets done by, the logistics, administration & management will be complex, CLZ don't have the experience.
If around 30% (AISC) look at what happened to Wiluna Mining, they are in administration now:
https://wilunamining.com.au/wiluna-net-profit-up-43-ahead-of-move-to-sulphide-gold-development/
I used a margin of 37% (net profit) based on averaged sample of nine existing gold mining companies. I may produce a Worksheet with margin variations to get a better picture (due diligence for GV!)
This is what the 37% margin was based upon:
You are correct, this is a major factor and given we are dealing...
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