just been doing some calc's on gold production based on figures provided by the company,
130 000 tpa @ $25 usd = $3.25m usd p.a divided by 52 weeks =$62 500 usd per week,
ann. states we have been processing ore since 24/8, which means 5 weeks of production before the end of the quarter, 5 x $62 500 usd = $ 312 500 usd or $ 406 564 aud, not a bad start.
my guess is the company would understate figures so they don't get burnt if they under deliver on production guidance, and if grade and tonnages beat guidance we might pass half a million profit for 5 weeks work, at this stage if all goes according to plan the next quarter would realise a profit of $ 1.055 m aud.
regards timmo
just been doing some calc's on gold production based on figures...
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