Using all of the info available I think we can obtain all of the info we need! Please read as follows!
Oct prod-8883 oz
nov prod-6217 oz
dec prod-10300
total -25400oz
most importantly
Cash oct 31st 12.5
cash dec 31st 4m
Assume average price for gold received 920 oz for nov and dec
gives us a revenue of 15 195 640 m for nov and dec
Knowing cash at oct 31st was 12.5m
and cash at dec 31st was 4m
gives us a cash burn of 23.7 million for the months of nov and dec ALONE!!!!!!
Expect 30m+ expenditure for the dec quarter
Ball park figure- cash costs are approx 1000/oz
acceptable or not at this point in ramp up of a new project????
I think a lot of people assume a new project will be cash flow positive as soon as production starts.... Think again
Unfortunateley, after digesting the above info, I have come to the conclusion CH had to go....... The 4m cash position at 31st dec primarily dictates this.....
- Forums
- ASX - By Stock
- VRE
- interesting figures......
interesting figures......
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online