Australian Gold Mines, page-40

New car salesman ? Even worse . Lies ? Let's talk dividends Mogga .
Below is a quote from you in 2015 . Don't forget the regular dilution since then . I agree the numbers are quite numbing . As in numbnuts . Eat dem apples ? You must have been squeezing the last drops out of a cask bladder .
Well put JetBlue.
The proof will be in the pudding as to what this company will be worth.
A good measure will be the profit that it will make and the consequent dividends it will distribute to its shareholders.

If one looks at the PASS alone - the numbers are quite numbing - even if one takes a very conservative approach to them.

The Australian mentions $140 per tonne would be competitive
Let us assume we only get $100 per tonne.

A yearly tonnage of 1 million tonnes of PASS has also been bandied around
Lets assume we only get 500,000 tonnes of PASS

That would make it $50 million income per year

Take $15 million tax out and $5 million opex

That leaves $30 million to be distributed amongst about 340 mill shares

Rounded down - that's still 8 cents per share!!!
Each share today is worth 7.5c

Eat dem apples boys and girls