ozblue Your comments mate "60,000t/a is not out of the question"...

ozblue
Your comments mate "60,000t/a is not out of the question"

OK mate now lets do the numbers.

We don't know the actual production number so lets use the 3 million tons per annum.

3 mt/a with output of 60 000 tonnes gives a grade of 2%

What was that word you used was it high grade. The JORC is 1.7% and that is for the entire 30 000 tons before any of the last 2.5 years of drilling

Most on here are expecting first year at somewhere between 3 and 6% with 4 being possible.

You are claiming a 1 per share

The costs are much the same irrespective of grade so if you are including costs in your 1 number then anything above that is pure profit. At double your grade with costs removed well do your homework.