RE:RE:2 men's opinions @jimbowie and @CaptainKushTXRogers wrote: WisGuy1 wrote: The gold price per gram in Australia is $85.36. We have approximately 2,000 sq kms (2.5 billion cubic meters at 1.25 meters of lag gravel thickness) at an average of .5 grams per cubic meter. That's 1.25 billion grams or 40 million ounces. Once Novo sorts it out (pun intended) the cost to process will be around $13 an ounce Australian. $70 per gram profit. $70 times 1.25 billion grams is $87 billion in pre-tax pre partners split. Our share should be 45% after the government and partners get their cut. Thats $39 billion in future profits. Don't give me that discount bullshit. Who here doesn't think the gold priced will outpace inflation? Egina alone should put our SP over $150. @CaptainKush @Jimbowie it’s likely even better, as our take is larger than 45% in much of our land. In the original Egina purchase, we have a 60-40 with Sumitomo. If I recall, it’s 80-20 JV with DeGrey (less taxes, etc.) and 80-20 or 70-30 I think JV with Pioneer (less taxes, etc.). So we should keep more than 45% on those, I would think. Then there are the gravel-bearing tenements we’ve staked to the north, where we have no JVs and I believe we’re free and clear of a Sumitomo cut. So we get lion’s share up there. And then, well hey, it could be more than .5g per. Could be less, but could be more. So many questions. Why have we grabbed so much of the coastline? It might not only be a question of swale/margin/outside the swale. Might the grade increase or decrease as we move further from the source of the eroded gravels or will it remain consistent? I think we could be in for some upside grade surprises. After all, this is a rather unique deposit, the likes of which the world has not seen in, well, 2.7 billion years!
Hi WG.
Ask the guys on how much volume Novo will process per day. Or per annum.
All these equations have a time value associated with them. It's one of the critical components of the business.
Remember the concept of Industrial Scale Fossicking?
There is a critical time value component that also defines AISCs in the balance sheets of the business.
Tx
They will be scratching their heads with that one Tx as I read somewhere the density varies between 1.6 and 2.1 t/m3. And has anyone ever heard of a mill that has a nameplate capacity based on volume and not tonnage. Moy can handle 5200 tpd for example, not x m3 per day.
R