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WhatsupwithBas

1,710 Posts.

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12/04/24

17:28

Post #: 73320685
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Originally posted by WhatsupwithBas: ↑

Just starting a General Chat thread we can come back to, rather than hopping from one Ann to the next.

I'll start it off with the Steam Engine Scoping Study.

Obviously the Capex will have jumped, and AISC too, but the break even was A$1709/oz and base case for it being really worthwhile was A$2200.
Well over 50% up from those numbers at current A$3450/oz, and over double the old break even. Let's say the break even went up 50% to A$2563. That would still give an A$850+ net margin per oz of gold.

Obviously back of the envelope stuff, but the 79,000 oz produced and sold would likely go up with the increased gold price, so lets say 85,000oz x that hypothetical $850, and you come up with over A$70M. That would fund quite a bit of drilling at our other projects.

Would love to hear about an update to this Peter!

Expand

With gold now at $3680 aud, and my hypothetical AISC of $2560,
That 85000 oz might give about $95m aud pre tax.

That is over only a couple of years too.

*85000 oz is my assumption that oz poured will increase as this price would likely sustain a lower cut off grade.

Not advice of course

SPQ Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $15.18M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$298	42.57K

Buyers (Bids)

No.	Vol.	Price($)
18	7238485	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	12593	1

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No.	Vol.	Price($)
18	7238485	0.006
5	4909300	0.005
4	1089475	0.004
1	600000	0.003
1	1000000	0.002

Price($)	Vol.	No.
0.007	12593	1
0.008	8767551	10
0.009	4696221	9
0.010	1390319	2
0.011	2090000	6

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