Our previous study gave us cost of $ 698 at a 1.6 conversion for £ 436 per ounce , this included a 16.6% contingency allowance
The new study has increased grade and a higher annual production , some quick fag packet calcs are below;
Gold at £775
app 10% higher grade so 10% off costs
£ 436 - £ 43.6 = £ 392.40 , £ 392.40 =116.6% , 100% = £336.52
Year 2 & 3 , 30,000 ounces , costs = £ 10,095,600 / sales , £23,250,000 / GP = £13,154,400
Average production , 23,000 , £7,739,960 / sales , £17,825,000 / GP = £ 10,085,040
Open at depth and on the west strike
High grade low cost with potential for several Cononish style deposits locally
Cononish is just the beginning https://www.flickr.com/photos/93177156@N07/
SGZ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
