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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Newcastle Minerals Ltd
Bullboard Posts
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(17)
•••
Comment by marnesueon Aug 06, 2019 4:17pm
148 Views
Post# 29999032

RE:RE:This Could Get Really Interesting

RE:RE:This Could Get Really InterestingActually I was off a 'wee' bit on the number of shares.  It's actually only 230,000 share.
However, thought I'd take this opportunity to bring everyone up to date on the cashflow situation.  With a head gade of 8.5g/ton and a production rate of 3800tons/day I figure they will be producing about 950 oz/day.  Using today's price of $1470/oz and a 360day year gives us an incredible cash flow of just over half a BILLION per year.  Please check my numbers.  I have been known to make mistakes.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities