RE: Time is money. 223,999,362 outstanding shares.
$1500/oz gold @ 5000/ month = 7,500,000
Costs $500/oz + $500/sandstorm + 12% loan + (that's enough for now) =$-1120/oz
$380 per oz * 5000/ 223,999,362 outstanding shares = 118 months for payback@ $1.00 per share.
Mine life span = 5 years = 60 months...
Is my math right? –
You seem to have included the $500 SSL payment for their 20% gold as an expense on Metanor’s 80% of own production…… . it is far less complicated to eliminate the SSL gold, which costs ~ $500 to produce and Metanor receives $500 from SSL = Neutral.
6,000,000 - $1500 oz gold @ 4,000 (5000 oz x 80%)
2,000,000 – Less: Metanor cash cost @ $500 oz x 4000 oz
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4,000,000 – Pre expense cash flow per month
70,000 - Interest pm - £7m @ 12% until repaid / $840,000 /12
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3,930,000 – Cash Flow per month after interest & before admin & exploration
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47,160,000 – Cash flow per annum before admin & exploration
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0.21 – $1500 oz Annual Cash Flow per share before admin & exploration
Or…
0.31 - $2000 ozAnnual Cash Flow per share before admin & exploration