GREY:NEVDQ - Post by User
Post by
Notgnuon Apr 22, 2021 12:04am
334 Views
Post# 33042747
If 2200 TPD >>>
If 2200 TPD >>>Let's engage in some wild, speculative guessing on cash-flow.
If we guess:
- 2200 tpd as a current run-rate (until the ventilation improves) and
- Average mixed grade of development ore of 1.5% copper
Then we get 2200 X 1.5% X 90% (recovery) X 30 days / month X 2000 (pounds per ton) =
1,780,000 pounds of copper per month:
- If I remember correctly about 700,000 pounds of this goes to the hedge
- The hedged portion earns about $750,000
- The remaining 1,000,000 pounds gives $2.14 cash-flow after all in cost so
- $2,140,000 + $750,000 form the hedge = close to $3,000,000 per month cash-flow
- Annualize that return and we would already be at $36,000,000 per year / 1.8 billion shares = about 2 cents per share of positive cash- flow at $4.00 copper and we have only just barely started mining.
All will be well.
Cheers,
Notgnu