manas: this goldie just gets better, page-56

looks harder than what it really is, trust me.

the hard part is making the outputs fit;
- 35,000ozpa yrs 1-3
- 30,000ozpa average LOM
- $180oz yrs1-3, $250 LOM

with the parameters given;
- HG oxide 982kt @ 5.3gt
- LG oxide 432kt @ 1.1gt
- sulphide 409kt @ 5.2gt
- HG oxide 100kpta yr1, 150kpta yr2, 200kpta rest
- other feed as it's mined
- mining $12/t
- HG oxide processing $9.8/t
- LG oxide processing $4.2/t
- sulphide processing $16/t

looking again this morning maybe I have not got the recoveries quite right. and it doesn't make sense to me that sulphide would be mined first few years.

I still don't think they have included $5.1m pa fixed costs in the 180 and 250 cash costs

but picture adding fixed cost or not doesn't make that much difference to overall value

still talking around $140-160m. Perhaps focus on goldies and fease/financing progress with help mr market pay up for the val