Notice Im only trying to guestimate order of size......trying to forget the 6-8 lb/tonne grades last coming outa the 3 mines in mothballs now ........thats where I prev gave yas my 400,000 oz pa equivalent at 14 g/t haha
Anyway lets get back to Juks calcs. Thats a Thunderbox and for which DRE got taken out at 200 mill bucks for its 40% share. What wld that be worth to us then, say 500 mill like PDN? Reckon so....on TOP of everything else.
Now if in fact however Kylie and Mt Minza show their true colours in due course u wldnt bother with a piddly 1 mill tpa ex oxides plant. But thats one for the future if the Gods allow.
Lets stick to bread and butter for now tho .... oxides ........ and assume PER 6 on say 100 mill shrs fully diluted earning around 50cps onwards from 12 months away. First production port of call.
Whats left to talk about apart from where the next pound of flesh is gonna come from.
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
