If they extend the high grades 15000t/month is plenty.
Say average grade of 25g/t recovery once newly drilled areas are under production (very achievable given grades of up to 154g/t x 48m found) x 15000 = 375Kg/month x $US25/g = $US9 ($A 11) million/month turnover = likely $A4-5m/month profit = 50-60m/yr profit. Now current MC is about $150m - it is not staying at these prices for long if the resource is further upgraded by more drilling and gold prices keep increasing.
Allowing for risk I reckon this is worth $6-$10 per share minimum once full resource is proven up.
mining news on burbanks plant, page-6
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |