"$70 mill CASH VALUE, with no debt and a production schedule that could produce between 30k and 60k ozs IN THE NEXT 6 MONTHS,is an extremely powerful weapon ( lets conservatively say 45,000 ozs @ net $750 cash cost per oz = another $33 mill . So $100 MILL DOLLARS in cash BY THE 30TH JUNE..."
maplelegion, not only is the production figures looking conservative, but the cash cost is looking waaaaay conservative too. According to the latest announcement:
"Ramelius total cash cost of production for the December 2009 quarter (including operating and capital costs) is expected to be approximately A$420 per ounce, which is likely to be the lowest total cash cost for a gold only mine in Australia."
'TOTAL' cash costs of AUD$420/oz :) That's a net margin of AUD$800/oz.
RMS Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
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