CLZ 14.3% 0.8¢ classic minerals ltd

Greater Market Cap = Higher Share Price, page-23

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    I based a conservative nett worth on the following:

    KAT GAP
    975,722 tonnes @ 2.96g/tonne, approx 6 years resource at process rate below.

    PROCESSING
    18hr/day Gekko processing of 540 tonnes/day, producing approx 1.6kg gold/day (30 tonne/hr)

    REVENUE
    $AUD 142,500/day for $71,250/day ex capex at 300 days (conservative) = $AUD 21.375m per year

    NETT WORTH: 10 X $AUD 21.375m (PE of 10)

    ============================
    *$AUD 213.75 MILLION
    ============================* NOTE:
    - Does not include any additional resources in that may be found.
    - Does not include additional 311,050 ounces of gold at other resource locations.
 
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