If we have approximately 10000t of copper on surface in the tailings that is amendable to simple gravity separation then at 80% recovery thats 8000 t of copper that is recoverable.
At a price of $7000 a tonne thats $56 million which over 5 years could possibly generate $5-8 million a year in free cash flow after costs with gold and silver credits.
They are great numbers for the current MC and with a low capex of approx. 3-4 million to get into production with cash to explore and to develop and mine the resource to the north of the old pit.....
These are my numbers and l like the way the company is thinking if he comes off we won't be at these prices very long but still a lot of hurdles to get through....
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