With the Gold Price averaging $A2,600-$A2,700/Oz, Alexander RIver and Big River will be sitting at an All In Sustainable Cost of ($A900-$A1,000/Oz) allowing for a profit margin of over $A1,700-$A1,800/Oz.
As the company targets 1.5Million Oz of 7-9g/t high grade gold in these high grade gold shoots and lodes, we would expect production to sit between 150,000Oz and 200,000 Oz.
That calculates to an annual gross profit of $A1,700/Oz x 150,000Oz = $A255million for 10 yrs. (Current market cap is $A28.7million)
And that doesn't include if they find a jewelry box of gold like at Swan ZOne in Fosterville Bendigo....
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