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You must have a very salubrious calculator – I only have a Casio I’m afraid. I would reckon the Average price of silver has jumped by about $1.50 from Q1 to Q2 but to be optimistic and to make the calc easy let’s call it $2. Silver production for a year could be towards 210,000 oz so the increase $’s from silver sales would be
210,000 x $2 = $US420,000
Total improvement (since last quarterly) by my calc ~ $US8.5m but happy to be disproved.
This would be about $AUD11.4m
PGI, page-52
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