The first 550 tons of processed material concentrate has been sent to Perth to be processed and then sent to the Perth mint to be smelted into a gold bar.
Will the recoverable gold be 550 times 1 gram a ton or 2 3 5 10 15 20 30 grams a ton.
Waiting on the sidelines could be very costly, gold is at about $145.00 AUD a gram.
550 times 1 times $145.00 a gram is $79,750.00
550 times 5 times $145.00 a gram is $398,750.00
550 times 10 times $145.00 a gram is $797,500.00
550 times 20 times $145.00 a gram is $1,595,000.00
We know that a lot of the material is of a much higher grade than the initial target, will management just put through the low grade to start with or will they process the more recently discovered higher grade material?, logic tells me what they are doing, so I will leave that up to peoples imagination.
So if lets say 1 million dollars worth of gold is announced for what is essentially less than one weeks worth of gold processing at full capacity and above, what will the share price be?, 20 cents to start with?, 30 cents 50 cents $1 $2 as the gold keeps coming in and the gold zones are extended from drilling?
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2 | 77218 | 0.115 |
5 | 279812 | 0.110 |
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9 | 467151 | 0.100 |
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