ERL 0.00% 0.3¢ empire resources limited

Answered my own question :...

  1. 5,305 Posts.
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    Answered my own question : http://www.miningnews.net/gold-and-silver-news/news/1317401/december-gold-costs-at-2017-low..last year
    According to Aurum Analytics, average AISC across the sector was A$1111 an ounce, down from $1173/oz in the September quarter, $1196/oz in the June quarter and $1134/oz in the March quarter.”
    Using the average then you have potential of close to $33 million ?..
    What’s that ? around 6c a share IF that was genuinely what the costing worked out at.
    IF that’s where the new directors want to drive the company
    Is it worth mobilising any kind of operation for 56,0000 ounces?
    Have other mines done this successfully ?
    How long would it take to get that gold out?

    ..I don’t know Fingers...maybe my late night suspicions there might be some kind of evil master plan from headquarters in 83-85 South Perth Esplanade to acquire the mighty treasure were a dose of research paranoia ....
    I think I’ll go back to my original theory...
    Good luck but
    Cheers
 
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