Let's assume that volumes/grades throughput to date as announced early Feb
are a month's mature procuction:
Mine..............................tonnage..................grade...................recovery rate.................ozs AU
Castlereagh...................31,900....................1.69........................90%...........................1562
Jackorite.........................9910.....................2.88........................90%............................826
Big Blow South...............11,000..................2.15.........................90%............................685
Totals..............................52,850....................................................................................3073
Same ann said that tonnage for year would be 650,000 ton
52,850 ton about one twelveth of the forecast annual throughput OR a month's throughput.
Now lets annualise the above 3073 ozs and we get 36,876.
Again, lets be conservative @ $400/oz NPAT, that's $14.75 mil profit or an EPS of 3c.
Again at a conservative P/E of 10, that's 30c Share Price, IMO.
MM
NB: Please do your own research and seek the assistance of a licensed financial advisor before making
any investment decisions.
MM
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