RE:RE:RE:RE:RE:RE:RE:RE:RE:napkin #2The ony number I had to take a guess on is the price to build a procesing facility. All other numbers are from the company website. Ounces in the ground , grade , tonnace, cost per ton to mine it in pit and underground. It has all been disclosed.In his last intervieuw GP said he is going to build a plant big enough to produce 200,000 ounces per year. No speculation on my part.
So how did I get to 350 million to build the mine. I looked at other startup's that build a 200k processing plants. This is ofcourse not accurate but not having to build it in the middle of nowhere should make the number concervative for us. Remember " Everybody goes home at night".!!!!! Napkin#1 gives us 12 years of mine life and 1 billion 765 million dollars free cash flow. Napkin#2 21 years and 3 billion dollars free cash flow.
Did anyone else do their math? I would love to hear some criticism. Like Gerald said " It is simple".lol.