GREY:NEVDQ - Post by User
Post by
Notgnuon Mar 22, 2021 3:39pm
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Post# 32851839
Let's start imagining a different scenario >>>
Let's start imagining a different scenario >>>Let's say we are running at 50% capacity and a 2% average ore grade instead, so:
- 2500 tons per day X 30 days / month X 2000 pounds per ton = 3 million pounds
- 715,000 pounds for the hedged amount earns about $750,000 cash-flow
- 2,285,000 pounds at say $2.20 profit = about $5,000,000 profit per month
- Total would = $5,750,000 per month profit or $69,000,000 anualized / 2 billion shares = 3 cents per share profit already.
- add the open pit value and the value of getting to full production soon thus again $0.50 to $1.00 per share soon enough
Cheers,
Notgnu