My quick back of the envelope calculation on the DFS vs current...

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  1. 38 Posts.
    My quick back of the envelope calculation on the DFS vs current prices doesn't really show much of a variance between predicted and current values (due to AUD:USD)

    DFS Calculated Gold Price:
    Gold Price AUD$1,400/oz
    Exchange Rate AU/USA 0.93

    Current Price:
    Current Gold Price US$1,217.50
    Current Exchange Rate 0.872
    Current Gold Price AUD$1,396.10

    With respect to successful juniors proving up non core assets, they have to be able to fund their primary activity first- in this case development of K2. Any funding or attention going elsewhere is to the detriment of producing cash flow....
 
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