I've only been in a week or two myself so don't profess to knowing everything but when you consider that the plany is capable of processing 80,000 tpa (and can be scaled up) and the historic results of Morningstar are 800,000 oz at 26 g / tonne then you come up with some very nice results.
Conservatively speaking if you only processed at half the plants capacity (40,000 tpa)
and only recovered half the historical rates 13 g / tonne you come up with a nice total of
520,000 grams or 16,774 oz pa.
Even at a profit margin of $400 per oz that's a nice little $6.7 million gross profit or at ten times P/e a $67 million MC or 4 cents per share and that is conservative!!!!!
GLTAH
DYOR
Happy Wednesday
Rb
AUL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held