RE: Directors Double Down with Share Buys5 Nov 2025 08:50
Busy day today but if anyone can provide some feedback on yesterday’s mining figures feel free:…
Gold = $4,000 per oz
Sold at 70%
Recovery rate 90%
8g/t (0.24oz per tonne)
Revenue per month based on 2 tonnes per day = $4,000 x 0.70 x 0.90 x 0.24 x 2 x 31 =$37k
Cost per ounce (taken from other well established gold miners = $1638 per oz) = 0.24 x 2 x $1638 x 31 = $24k
Profit based on 2 tonnes per month = 13k. This ignores all other costs at the moment.