CAPEX Costs $US -$300,000,000Dev period 18 monthsSay 200,000 oz...

CAPEX Costs $US -$300,000,000
Dev period 18 months

Say 200,000 oz x US Gold Price $1309
- ASIC US $900 costs = $400

200,000 oz x $400 = US $80,000,000 gross profit

- 30% tax
-7% royalty
- US $29,600,000

Net Profit $50,400,000 x 12 years -5 years for capex = 7 years
Shareholders 84% = $42,000,000
Tanzania Gov 16% = $8,000,000

How long will it take to pay off capex + 10% interest ? Well for a start if they use all the gross profit to pay off the capex at $80,000,000 a year, it would take them 5.5 years ($300,000,000 +$120,000,000).

The company will return about US $40 milllion to Aus ORR shareholders but in 8 years time, assuming development starts in 2020 - for the next 6.5 years from 2028 !