Bringing Goldboro Online
High-level back of the envelope calculations.
Last quarter, ANX indicated all in cost per ounce sold was $1500 CDN. ANX last reported that production at Goldboro will be around 45,000 ounces per year. With current gold prices hovering around $2500 CDN that leaves $1000 CDN profit per ounce or $45,000,000 CDN PER YEAR just from Goldboro.
Projections also indicated about $75 million to get production going at Goldboro (now subject to change with the pending Economic Assessment). That debt (IF it is all debt - probably combo of shares and debt) can be paid off in under 2 years which leaves the company with excess cash to apply to their existing exploration holdings (not to mention Goldboro expansion). No more share dilution!!!
It is a good story that I am looking forward to.
Bring on the Economic Assessment and plan for financing the construction of the gold mine in Goldboro!
Let's BLOW IT UP