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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