167,000 ounces of gold reserves. plus very encouraging news from Mt Kasi taking the reserve to approx 250,000 and beyond. (see their news releases)
Might they be onto something big?
The way I see the maths (using 200,000 ounces as an approximation) is as follows
approx 200,000 ounces of gold at $558aud today gold price in aud) equals approx $111 million.
approx cost to get it (200,000 ounces) to market $300aud. equals approx $60 million.
approx $111 million
approx $ 60 million
Profit approx $ 51 million.
Current market cap approx $5.5 million
SP 1.9c
Issued Shares 285 million
Constructive comments & discussion please.
I hold bks
Always seek professional investment advice before investing
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burdekin pacific limited
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