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clock Created with Sketch. 13/07/20
17:52
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Originally posted by hoosh3:
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of course there are many variables at play and some risks. the PFS due after they do some more drilling will give us the AISC, but Metals X did some studies in 2014 and they came up with Cash costs of $580oz after copper credits. so I'd expect AISC to be say $1500oz. that still leaves a margin of $1100 per oz. they had mentioned 60000oz pa initially so that's $66m pa free cashflow. not to mention that they'll be following up drill targets that have had past success and add to this resource, so I expect that this figure will increase pretty quickly.
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$17m in the bank with a $37m mc....slightly undervalued??...
