In line with what Monument is going to do, I will use the Biox Sulphide feasability study as input parameters adjusted for the operating costs of the Biox plant.

That value is $207.7 US per ounce.
This reduces the total cash cost from $863.7 US per ounce to $657 US per ounce.

Using payability of 70 % of the POG = $1260 US per ounce , Monument will generate about $ $600 US per ounce in profit for its concentrate.


I also use 45,000 ounces per year of Concentrate production, consistent with updated information of plant productivity.

This is very similar to that for the Sulphide feasability.

The peer based cash flow multiple is 6.3 times annual cash flows ..see link below.

Annual cash flows will be 45,000 ounces X $600 US per ounce= $27 million US per year .

At 6.3 times, gold production at the stated paranaters would value the floatation plant project NPV at about $180 million US

This is of course not forward risk discounted but the performance parameters of the Floatation plant are now pretty firm.

...divide by 2 if you wish to be very conservative and convert to C$ = $115 million or about $0.33 per share



https://www.*****.com/commentaries/2020-12-15/-Metals-Mining-analysts-ratings-estimates-senior.html