Mentalist123

Old car, it definitely won’t be a share placement. It will be debt finance. TBA needs at least I’m reckoning $12m minimum. The quarterly illustrated mining of 61,000 tonnes of ore cost $16m ( but included big waste removal) therefore is the total ore TBA has ( refer to scope study 113,000 tonnes Golden Mile) it will need another $6 to mine the rest based on the quarterly.( allowing for reverse mining practice) $0.8k to 1.35m for cart ore to GAM and $4m processing. However, they will have Gold coming from GAM within the first week. So will be immediate cash flow. So at end of all ore at Golden Mile includes Comstock 34,000 tonnes @ 2.7 g/t and Shamrock 89,000 tonnes @ 3.8g/t Au at 1800 tpd throughout at GAM will deliver 220 ounces a day or $3.85m per week. So if there is a blend of the ore which appears from photos then assume an average grade of 3.25g/t. So 1800 tpd throughout at the GAM @ 3.25g/t is 188 ounces per day or 1300 ounces per week worth $3,290,00 per week. Assume 90% recovery will be $2,960,000 per week. The total amount of ore is 114,000 tonnes 34kt @ 2.7g/t Comstock 89kt @ 3.8g/t Au Shamrock. Average Blend grade for the lot approx 3.4 g/t. So total expected cash flow is $31,258,000 x 90% (recovery in CIP) is $28,132.000 for all of the 114,000 tonnes. If the plant runs slower will still deliver the same ounces but just take longer. It all depends on site management keeping costs down which seems the major problem