gonnfishing
There are lots of variables. Thanks for sharing your figures.
I wonder if you have factored in the recovery rate from the mill. Is that going to be 85%?
How many grams per troy ounce? 31.1035?
Is there any company tax applicable of 30%. Once they run out of their past losses that have been carried forward ($20m?) tax will be payable.
Assuming your parameters are correct I get the following net profit
220 x 28 x 18 x 0.85 ? 31.1035 x 700 x 0.70 = $1.484 million/month
I presume they would also need to spend money on further exploration and development out of any profits so this figure would come down.
loki
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