back of the envelope calculation;
700,000 tons through the mill at say 2gt brings in approx 50,000 ounces pa. With cash costs at say $1,000 an ounce (nex has said $875) and a gold price of $1,600 brings in profits of approx $30m pa. Not considering recoveries etc
So good upside in the shareprice.....potentially....and this does factor in increased grade...increased gold price etc
These are just my thoughts....please DYOR !!!!
back of the envelope calculation;700,000 tons through the mill...
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