GREY:RIOAF - Post by User
Comment by
Truewidthon Sep 14, 2011 12:17pm
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Post# 19041327
RE: RE: NEWS ... PRODUCTION UPDATE
RE: RE: NEWS ... PRODUCTION UPDATEYeay, looks good to me. I especially like the august numbers and the forecast. From nov (that's not even two months away) we should have 24 000 tonnes a day.
With a recovery of 85% and a grade of 0,6g/t (august numbers) that should give around 150 koz/y. I get a rough EPS FD of around 50 cents with those numbers using a rather high cash cost. With a multiple of 10 should we have a SP of around 5. If we jack up the grade to 0,7g/t (they've had very good drill results) and the recovery to 90% (as they write in the PR) I get an EPS of ~70 cents. With fine tuning they can probably lower the cash cost and twist the numbers even further. And with 36 000 tonnes a day...:)
imho
/t