Tomovsky
Please read that report again it was $US 750 per tonne. You will have to revise your figures up by about 30% depending on the exchange rate on date of shipping?
You are on the right track apart from the aprox 62 + 11 million they have in cash and assets at the moment if you multiply 400000 tonnes times AU$ 975 =390 million times 13.8% =
revenue of 53 million less cost of production unknown ? I would guess they would be sitting on a HUGE cash balance by year end. Certainly WELL OVER a 100 MILLION AU$
This assumes of course that they ship 400000 tonnes per annum and of course I have taken NO account of 4% amount shipped ( when the new circuit comes on stream they should not have to ship 4% concentrate.
With them advising that they are currently processing 280 tonnes an hour that 400000 is easily achieved In fact I am having trouble with this what are they saying here they are processing 280 t of ore giving 6% concentrate or 280 t per hour of 6% concentrate ?
I assume that the plant will run 24 hours a day with time down for repairs and maintenance
I will leave it to someone else to do these sums.
After all this is the BIGGEST hard rock Lith mine in the world!!!
NMT Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
