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clock Created with Sketch. 09/03/18
03:32
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Originally posted by marco62
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Current marketcap is $67M. Based on the previous two months they produce 6500 ounces/month. At a margin of $700/ounce, this is 57M revenue/year. They indicate in their resource estimate 1.2 million ounces or 15 years at the current mining rate.
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The marketcap I used was without today's gains. I should have used 102.5 M in my calculation, resulting in 28 cts. Although I preferred the previous outcome I will be very happy with 28 cts as well.
