Well spotted!
570,000 tonnes was at 30 April 2018. To HAV's detriment, CMC shut-down the mine in August 2018, so that tailings tonnage would probably be higher by then. Was the shut-down part of Radford's cunning plan all along?
Adding to your calculations, Gold Tailing Revenues 570kt @ A$1785/oz (100% basis):
LOW 0.21g/t = A$7.6M
MID 1.06g/t = A$38.4M
HIGH 1.91g/t = A$69.3M
Explains where the balance of the gold from the JORC resource is sitting: the tailings.
Beggars belief that Stewart and Richards effectively gave away this valuable asset for a paltry 2% royalty.
HAV shareholders deserve better!
DYOR
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Well spotted! 570,000 tonnes was at 30 April 2018. To HAV's...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $62.76M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $12.92K | 71.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 102677 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 100117 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 102677 | 0.180 |
2 | 52862 | 0.175 |
3 | 300500 | 0.170 |
6 | 201181 | 0.165 |
5 | 146881 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 100117 | 1 |
0.190 | 254051 | 5 |
0.195 | 219000 | 3 |
0.200 | 20000 | 3 |
0.220 | 2000 | 1 |
Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
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Glen Diemar
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