Just sitting here, just me, my computer and my calculator and have come up with the following:
- Siiting on 500,000 ounces of JORC'd gold
- Rising Sun is going really well, high grade, low depth pods of gold
- Say there is 200,000 ounces at Rising Sun, this equates to revenue of about $200 million dollars
- But this is where I am not too sure, what would the profit be on the $200 million. Say it was $400 per ounce, this would mean $80 million.
- $80 million equates to nearly 5 cents per share!!!!!
- Remember this is on top of the 500,000 oz JORC
- Imagine if Rising Sun or any of the other drilling targets were to have 1 million ounces or even 2 million ounces.
- One Power Pod and I am out of here
rising sun
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