As I'm now a Top20 shareholder I've got to push this stock to anyone who cares to listen.
My best estimate(or is it my best case scenario?) for FY18 is as follows:
COSTS: (in USD)
Cash costs 52m(35m YTD Mar17)
Mine Development 28m(21m YTD Mar17)
CapEx/Sustaining capital 10m(13m YTD Mar17)
Exploration costs 12m(9m YTD Mar17)
Corporate costs 6m(5m YTD Mar17)
TOTAL COSTS(AISC) 108m(83m YTD Mar17)
PRODUCTION: 140,000(27.5+32.5+40+40)ozs @ $1,200 = $168m revenue
Giving a cash surplus(before income tax) of $US60m
Current Market cap: 207.8mil shares @ 37c = $A77mil = $US57mil
CapEx/Sustaining capital will decrease in FY18 as the costs to complete the E15 Service shaft will be principally labour costs as all parts have been purchased.
Production is based on the E15 Service shaft being completed to L10 by end of October.
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
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