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clock Created with Sketch. 03/09/17
19:20
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Originally posted by DCstocks
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Correct me if I'm wrong but the Anglo Saxon mine which is what the entitlement offer is for should produce a minimum of 28.6M in its forecasted 18mth lifespan (58,500 ounces x $490 ($1600 gold price-$1010 cost = $490). HAW owns 70% which is over 20M. If it reaches what they states it potential during it 18mth lifespan it will produce 293,400 ounces of gold, give the mine 143.7M. HAW 70% would be over 100M (obviously best case for the mine). Note this amount is after the cost of getting it out of the ground. Assuming the normal running expenses of HAW would come off this amount, there should be a large profitable increase if this all goes ahead which it sounds like it is going to. Seeing our market cap is currently at 6M is this not going to blow up. I own a decent amount of HAW which I purchase without any research over 5 years ago so no expecting much but from reading this I think I am missing some crucial info or I am terrible at maths. Also note this is only one of their proposed mines which will go to production... Not sure if I'm way off or not..
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Its actually $590 profit per ounce which equates to around $34 million profit from 58000 ounces i still have 49000 shares which i will take up the full amount of shares I can see the potential even though im down on my original investment 5 years ago if I can break even or even make a few 1000 profit would be great
