"interesting how the MD quoted at the AGM that the feaso on the alluvial mine will net 4 mil a month based on $500 a ct (my understanding) - mine life 5.2 years and hoping to kick off dec 2014 - all things going to plan"
My understanding as well.
At the AGM, Miles kept repeating/emphasising that LOM is averaging $9k/ct. The feaso study is based on $500/ct and they net $4m. At an ave of $9k/ct we wld be netting approx. $72m/mth based on the above.
Is that a reasonable assumption to make?
Cheers
"interesting how the MD quoted at the AGM that the feaso on the...
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