Napkin Math for FunLet's do the napkin math ( also noting that we have underground infrastructure in place )
Say we get a permit for 2500 ton per day at 5 day per week as a minimum = 652500 ton / yr
We have decent grades but say we average out at 5grams per ton * 652500 = 3262500grams
so 3262500 / 31.103g/t = 104893oz gold per year
Average AISC to mill is $1048.00 per oz from Kitco news article as of this morning (https://www.kitco.com/news/2021-07-01/Metals-Focus-are-noticing-higher-costs-for-gold-miners.html )
Gold price is currently running between $1700.00 and $1800.00 per oz. but for our case we'll use the lower;..........
$1700.00 - $1048.00 = $652.00 net per oz on the low side.
Therefor $652.00 * 104893 = $68,390,508 cash pretax etc.
Okay kids;....pick me apart / beat me up as I am trying to generate some discussion. You see us old guys actually like to speak on project potential and facts as opposed to name calling and foot stomping!! All that is getting a little "old" so to speak.
Dutch