Originally posted by dugsab
Hi gassed,
Back of the envelope -
270,000 grams = 9,524 ozs x AUD1,700/Oz = AUD16,190,800
I was wondering who would pick that up and I'm delighted that it brought your response. You are also using the "old" conversion rate of 28.35 grams per ounce. But, do you agree with that simplistic ball park estimate and the conclusions that I have made re the Maroon deal? You would have noticed that there was a previous calculation posted that was far less attractive.
