Well if my calcs are correct based on the forecast spend this well and truly exceeds my expectations. Can some one please review my calcs and let me know what I have missed as this seems way too good to be true....I'm no expert here but have our mining costs gone from 22m to 7.5m... for 7 months operation at Pennys stage 1.??
Column 1 Column 2 Column 3 0 Quarterly costs Loan costs Total Qtrly Expenditure 1 3765000 550000 4315000 2 Operating cost per month 1078750 3 7 month project 7 4 Total operating cost for the 7 month 7551250 5 Net Revenue form mining @ 1600 oz x 17000 oz 27200000 6 Proffit 19648750
Ann: Quarterly Cashflow Report, page-2
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