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They could alwsys put the plant and crane on a ship, it can only be a couple of days sailing, plenty of ships trade the coast?
Typo- of course should be 'Fawkes' as the SP is about to explode!
Ramping - moi? Who would think such a thing!
Caveat emptor...
It is my firm belief ( I don't want a red card yet, as it is not yet on my bucket list ) that Guy Faulks mining will be agreed in the short term with a Chinese company that is desperate for a short- term source of gold - that should mean a good deal for XTR and that is why I will be adding XTR shares to my portfolio over the next few days.
Each to their own, but don't say I didn't share...
Hello Andrew,
If the POG keeps rising ( currently $2,017!) Then we could become profitable just based on alluvials... a whole new perspective is in the offing.
The way the PoG is going we'll be getting $1e6pm from FB!
Hello CE
If you're impressed with current POG chart I think you'll be even more impressed over the next 6 months ! It looks like even CB has finally accepted that POG will be rising over next few years rather then falling.
As for SP movement, I doubt we will see much of a rise until the borders are opened, as then we will have an idea of when the plant will be built and substantial income will start. I think we will see a steady sp rise to 2p to 2.5p starting when shipment confirmed (borders opened). Hopefully sp will be circa 2.5p before new HR income announced. Should x2 or x3 from there.
That said, good alluvial Q2 income this month or free milling deal announced may see sp hit 1.5p.
PoG increasing can only expedite the signing of these new free milling/alluvial contracts surely? - They seem to have been on the verge of being signed for months. Maybe Bird keeps changing the contract terms as the PoG increases?!
Now that the psychological barrier of $2,000 has been broken, if anything the rise in POG is increasing. Almost $2010 already. Where will it stop?
The sight of that POG chart is a wonder to behold - but will XTR follow? We should find out soon enough, let's get that Guy Fawkes contract into place and maybe even 2p will be a thing of the past...
Now that the gold price is bigger, will the Moz plant work ?
It just broke it, I wonder if anything will stop it.
Gold's nearly there, just about to break the record 2000.
:-)
I'm sure pick your own will turn up soon telling us he's been telling porkies and that he's been secretly loading up. At least he will do if the sp rises.
POG just spiked at over $1,990, so $2,000 very close now and PY088's 1p dreams will be crushed...shame!
CE it was properly the PYO88 stuff I found on the bottom of my shoe today.
Not sure how many saw my last post, but it has been removed and I got a yellow card from Admin - somebody must have reported me for sharing a conversation had earlier today? First time it has happened to me in over 5,000 posts, so I guess it's one to cross off the bucket list.
Suffice to say I agree with the last few posts here. Particularly Blue's
Hi James
Thanks for confirmation. Your post gives me confidence that I'm not way off with my calcs and future SP predictions.
I was getting a bit worried that we had to take off the tax from CB's figures which would have substantially reduced my future SP prediction and meant I would have to cancel my order for the ferrari :)
Hey Andrew
I am getting a margin of 45% as well (based on $1950/oz) per the below, so think he must be referring to margin as a post tax margin (obviously this margin will increase/decrease inline with price movements)
Revenue 1950
Production tax (6%) -117
Direct cash costs -556
Tax (32%) -409
Net Profit per ounce 868
Margin 45%
So,everyone seeing circa $700k profit per month from fairbride at current gold price plus Dots luck freemilling and alluvials as add ons
FB deal. CB has said that we will get revenue (not profit) less our share of costs. CB has stated that cost for processing is $600 oz so profit is $1375 an ounce (assuming pog at $1975). This gives a margin of 70%. I am assuming the 40% to 50% margin CB has mentioned is after tax. 32% corporation tax + 6% mining tax = 38% tax, leaving 62%. 62% of the 70% margin = 43.4% which is right in CB's margin claim.
If CB is saying the margin is 45% prior to tax, then the costs will be 55% of POG = $1080. This figures would be much higher than AISC stated of $862. We are not paying AISC cost as we are not paying for the mine construction.
So I am assuming CB's margin % is after tax. If it is not then his $600 an once cost has now nearly doubled to $1080 an ounce (55% of $1975).
That is my understanding anyway.
So the 50% margin ,is that saying the price per ounce to extract is $900 plus ,seems high I'm sure a lower figure was stated on that previously but there is a tax of around 6% u think
Assuming we get the 23kg to xtract as stated.
Margin 40% to 50%
LOM 5 or 6 years (he has also stated 7 years before)
POG $1975 at todays
USD to £ conversion rate = 0.77 (at today’s date)
These are my calcs.... Happy to be corrected.
1. Calc assuming mean figures are used so
45% x 23kg = 10.35kg = 333 troy oz=$658,000=£506,000 a month profit = £6.1M a year
At 5.5 years LOM = £33.55M profit. 557M shares (inc extra 100m not registered) =6p
2. Calc assuming lowest figures stated (40% margin, 5 years LOM) = 4.8p
3. Calc assuming highest figures stated (50% margin 6 years LOM) = 7.3p