BTV 2.33% 21.0¢ batavia mining limited

how much per share is 800k oz, page-9

  1. 7,440 Posts.
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    Latinum

    I believe they have previously said $400A/oz. I believe they previously stated 55000 oz/annum production. My previous calcs have suggested a conservative $15m/annum operating profit, but the BFS will no doubt tell us more. what has always struck me about this project is that they have most of the infrastrucutre in place, they have high grade copper in the early years, it is open pittable for three years. I cannot see how this little operation does not stack up. I also believe there is a strong probabilty that 800000 oz is the tip of the ice-berg. The are about to do further exploration work, as I understand it. Very low market cap imho. The BFS should prove that.
 
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