re: resolute valued at 3.80.vegemite vegemite
have a look at the presentation, which was released today.. take note of syama. the capital cost is US$100m, and taking into account the present gold price the margin is approx US250 per oz. with estimated production of 250,000 oz, then, then that works out to be a pleasant US$60m per annum. (or $80m australian) the capital cost threfore, is recouped in just over 1.5 years - mmmm - a pretty good project, if it all works out the way that it is planned - that is the big IF.
hopefully it will work out
cheers
resolute valued at 3.80, page-3
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