GREY:COLUF - Post by User
Post by
wwadehammeron Dec 11, 2013 10:13am
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Post# 21993952
Is Info Available?
Is Info Available?Couldn't find info on gpt that will be processed by the mill. If it's 5 gpt gold equivalent then for the first year of full operation the numbers work out to 59,000 ounces per year with profit of $39 million based on cash costs per ounce of $600 and gold at $1,250. If there's 1 million equivalent gold ounces then mine life is 17 years at 1,000 tons per day milled.
If they can process 10 gpt gold equivalent then you get 118,000 ounces per year with profit of $110 million based of cash costs per ounce of $325 and gold at $1,250. Mine life would be 8 years if 1 million equivalent ounces available at a 1,000 tons per day milled.
Would be nice to know what's possible as far as average grades to be processed and future expansion of mill if 4 million equivalent ounces of gold are available as some here suggust. Has the company published a forecasted budget and profit statement anywhere? I couldn't find it on the company's website but I might of missing something obvious.