Munda the Monster, page-5

Munda at 140koz at 83% recovery runs at 116koz yield.

Funny but I thought recoveries at Jeffries Find were also DFS around 83% recovery instead of the 92-93% actuals.
Using $2635 in the DFS for AISC then that only leaves a $2000 margin per ounce at current pricing.

116000oz x $2000 = $234,000,000 over 4yrs.
Split that across the 159 million shares is a nice tidy profit of $1.46 pre -tax per share.

With UPSIDE of course if recovery is 10% higher and if actual mined gold grade is another 10% higher and then if the Gold price shifts even higher,well all I can say is thank you my 5.8c a share purchase is tickling along quite nicely.
The plan has excluded those sugar hit grade anomalies,so could hold some nice bonuses,especially at end of drill hole grades carry on deeper as I suspect this pit may ultimately go deeper.

Nice to see a true profit/cost centre based business model being applied to each and every move here.
Most businesses and especially larger miners have no idea what is making them money,or what is losing it from one day to the next and ride high market cycles with glee,without trying to give a better cost/production performance and then cry and scramble to do so during downturns.

IMHO - The two GEO's are not just there to peg out this ONE PIT for mining or working on a small open starter pit mine plan.
I suspect fun times ahead once mining starts and cash flows come in even faster.

Regards