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9.0gram of gold per ton if they get out 180k ton per year that = $1.2 million a year just on the gold at today's prices.Or have I got that wrong.
Sometimes the market takes a while to catch on. I remember when GGP had really good gold grades and there was a muted response.
You've got it wrong, it would be around $100m a year.
However I think it's less than 9g/t gold?
gold assay value of 9.15 gramme per tonne, 3 Tonne for one ounce,30 tonne for 10 ounce,300 tonne for 100 ounce so 6x300 = 180k tonne = 600 ounce which is worth about $1.4 million is what I get.
31 grams to an ounce in a gold coin but a hell of a lot nearer than 100m.
Guess that everything on here gets pumped up.
Have to like these results but with AP's past record i did worry he slipped his wifes wedding ring into the samples but thinking again it would probably be fake so results must have been true.
31.1g/oz which is worth $2000.
9g/tonne @ 180kt a year is therefore 9*180k/31.1*$2000 = $104M
100 million for gold that's more than the rest of the assets put together.Don't know how anybody could come up with 100 million for gold on it's own.They are going to be very disappointed if they think that.$1.4 million is more near the mark at today's prices for gold which I might add is going up day bye day.The copper will be worth 10 to 15 times more than the gold then we have silver , zinc and the lead.This mine could be turning out over £20 million a year or more when in full production.At 5 million a year overheads there will be a great profit for the company over the life time of the mine.
I agree, because it's not 9g/t gold. However baits asked if he was correct with his calculation of $1.4m IF it was 9g/t gold. And he wasn't, because that would be $104m.
It's just maths ffs you can't argue with a simple calculation.
Aha I forgot I was on lse. Here people will argue black is white til their blue in the face.
My mistake sorry. Was working it out by 180t not 180kt.
But to get to 100m you would x9 by 180 tons and not 180kt.
Sorry ontarget you are right if you divide the 180k tonne by 3 seeing 9g x 3 is an ounce that is 60000 ounces which is $118,471,661.35 I made the mistake of saying it was 600 ounces.Once again very sorry.To be honest I am bloody glad I was wrong LoL.Glad I brought it up though gives people an insight into what this mine is worth.
Jesus - look VAST is not a gold miner (its polymetallic) and not mining at 9g/t. However if it was purely a gold miner and did 14k tonnes per month (at milling capacity specified by VAST) and got 9g/t, and had 100% recoverable then ontarget it right. It would be near to 105m rev per year.
If they have gold then they are mining for gold to not just copper and the rest,or are you saying they will just dump it.
I think the overall 'gold equivalent' grade works out at between 2-3g/t - does that sound about right?
I do not know that ontarget,but can you tell me will they be extracting the gold and selling it on.
Baits - Of course they will.
ontarget, you seem well up on mining stocks I myself know nothing on how things work.What do Mercuria actually buy,do they buy all of the deposits in bulk or do they have to be separated first.I know it might sound like a dumb question but it is the only way to learn by asking questions.And yes I bought blind I usually buy Oil stocks.I bought in on production forecasts they looked really good.
Thank you woodaldo I thought you was saying it is not a gold mine and they would not be interested in the gold silly me.
What do the MMs want to push this up,are they stupid or do they just like to pi55 people off.
Hi Baits. Good question. There is a video on the VAST website that gives a tour of the BP mine. There appears to be a flotation plant there (being upgraded)-so looks like some preparation done on-site on material extracted from the mine before being sold on.
xcoder: "looks like some preparation done on-site on material extracted from the mine before being sold on".
We will be selling concentrate. So there will be copper, zinc and lead floatation, which will also bring gold and silver credits (yes eric, btw, credits). Handling of molybdenum TBC.
gkb: depends on what other gold results turns up, e.g. at further depths. I wouldn't assume that we'll be selling pure gold by the truck load on the basis of one result, but it does underline that the gold is certainly part of this.
The mine will be very profitable regardless. It can at least break even (or better) just on the copper. So with the zinc and lead concentrates, plus gold and silver credits, plus molybdenum in some form, there is lots of room for profit.
The company/broker minimum estimate of $1m FCF after payback, which means on top of the mine operating cost, implies around $1.9m per month turnover - or higher - since the operating cost is around $800-900k per month. That of course is at capacity, but we do now have all the equipment on site to get there.
Just IMO.