RE:RE:2022 FS Updated for POGWhat I forgot to mention is that cash costs are inversely proportional to gold grade .
HD grade is 4.5 grams per ton....among if not the highest open pit gold mine grades in Canada
Reported open pit 2024 total cash costs of $837 USD for these three open pit mines occurred at normal open pit grades....less than 1.5 grams per ton .
Physical Mining costs are the same regardless of grade.
So HD ore being 4.5 grams per ton will have a signifucantly lower total cash cost than $837 USD per ounce .
If you conservatively use , say, $800 USD per ounce in total HD cash costs, at $2250 POG , HD will be clearing $1450 USD per ounce which is about $1900 in CAD.
At 50,000 ounces per year, that's about $95 million cad per year in free cash flow ...and nearly $1 billion cad over 10 years .
Divide by 2 to be conservative and it's still neary $500 million or about $5 per share .
What is unique about MAE is that it has all of the assets needed to produce gold ...mill, tailings ponds, storage, all infrastructure , and nearby skilled mining team.
By producing gold fines from its tailing ponds, almost all contained gold in the mill feed will be recovered .
Its also got Nugett Pond mill as a backup ...