86,ooo oz pa for 6 yrs total production 520,000oz
with $186 million cash flow.
186m/520k total profit per ounce $357 with gold at $1150
This places the cash cost per ounce at $800 per oz
This doesnt include board fees of around $6 million, tax and contingencies.
You can deduct around 60million if you include tax $55 million and $6 million fees. Total value to RMS over 6yrs around $126 million.
If gold crashes down to $800-$900 in the recession it's worth zero. I personally think this poject is too risky.
mt magnet economics
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$1.94 |
Change
0.075(4.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.442M | 3.348M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13041 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 44693 | 3 |
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