RE:What is the value of CMB in a year from producing start?If the ore from Radcliff yields much more than the 15 grams per ton you use in your calculations, then the numbers improve considerably especially if the 1 ounce per ton high grade core is put through the mill on startup. Then the cost per ounce suddenly drops by a good margin, and adds even more leverage if gold prices rise to new highs which is a strong possibility given all the money printing that has been going on.
Hanscazan, I don't know where you get your 2/3 CMC portion of production from since Pruett Ballarat is a 50/50 partner, aren't they? I know we get the toll milling on their portion of the ore going through the mill. Once the mill is up to speed and processing 100 tons per day, we will know what the actual numbers are in terms of grade, cost per ounce and profit per ounce to be determined by the forward price of gold in the future. Your estimates are on the conservative side which is prudent when making forecasts, but I have reason to believe that cost per ounce will be closer to $500 and the gold price will be back up to $1750 by the end of this year.
If I am right about this, then you can plug these numbers into your calculations and make a new forecast, which would mean that your price prediction of $1 dollar per share now is too low.
Also, I am not taking into account any profit from the sale of silver from Hart in the Yukon as that would be a bonus I will account for only when it happens. Right now I am just thinking about what Bishop could produce in terms of tons and grade, and what the CMC portion yield will be.
Please recalculate your price prediction using the numbers above, and I think you will be pleasantly surprised on the upside.
GLTA shareholders.