GER
Based on the previous report, we will have to pay $35 per tonne if the grades are between 5-6 grams.
Cost:
64,000* 35 = $2,240,000; this payment is only due after two week delivery time
The initial cost of the start-up is already purchased by the Director.
Revenue:
10,500 * 1,300 (current gold price) = $13,650,000
Assuming the cost to mine an ounce of gold for this property is $500; total income will be around $8, 400,000.
After deducting the payments that are due, we will net around $5.2 million in cash this year assuming the project starts on time and I believe it will only take 2 months to process the 64,000 tonnes.
I guess this means we do not need to do PP to raise cash and we will have more than enough cash to expand and build on our current projects.