My reading of the figures presented are:
2019 2020 2021
Vammala 23900 29600 14100
Faboliden 5000 5000 19800
TOTAL 28900 34600 33900
These figures are conservative as it assumes that Orivesi finishes in 2018 so there's nothing in the above figures for Orivesi.
And hopefully the full environmental report for Faboliden will get the Ok much quicker than they're conservatively saying as we should be able to do better than 5k ozs in 2020.
I'm still of the opinion that they will expand Svartliden plant to process 500kt/pa(from 300kt/pa) for which volume they already have a current permit. That's a 67% increase on the Faboliden figure in 2021 to 33000 ozs.
If we assume $750/oz as AISC and a gold price of $1250/oz, then we have a margin of $500/oz.
And everything is relevant remembering we currently have a market cap of $16.5mil.
DRA Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
