Another quick calc.......Based on the conservative estimate of 32,000 oz being sold per quarter (128K conservatively annualized), every $100 increase in POG will increase the profit margin by 3.2 million per quarter or 12.8 million per year. Talk about a cash cow!
The POG has gone up over $400/oz Au since the Q2 release.
$400 * 128 000 (annualized Oz sold) = an additional $51.2 million in revenues when taking into account the comparison from Q2 gold sales and revenue sold numbers.
These numbers are quite conservative and also only take into consideration production this year for Q3, Q4 and 2021 Q1, Q2. If POG increases beyond where it is now, if Oz sold increase over 32K/quarter then revenues project to be even more robust.
sb