MYG 0.00% 72.0¢ mayfield group holdings limited

From Datyr "don't think we need to worry too much" ?????Gold...

  1. 816 Posts.
    From Datyr "don't think we need to worry too much" ?????

    Gold price used is 1750$ AUD in the BFS... it is now 1313$ AUD. Silver prices and copper prices have fallen as well.

    Good luck getting finance now... the total cost according to the BFS is roughly 900$. Does not include repayment of capital and uses a very optimistic debt interest. On top of that it does not include lower revenue due to the Sandstorm deal and additional debt interest from uncompleted bank loans.


    Whack another 20% deviation to allow for cost increases/inflation and contigency.. this project is best mothballed until gold prices recover.


 
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