The business end26 Nov 2022 09:37
Morning all,
please feel free to wade in on this one
So Thorny River mining to begin in January.
Which leads me to believe that our mining permit is pretty much a done deal.
But what will the mine be worth?
From some of the numbers we've been given
1.7 million tonnes to be mined.
With 40cpht estimated
And a carat price of $170
From my sums that's roughly $110 million over the life of the mine with the mine life being >2 years. But how does that translate into our share price?
Current M/C £10 million? With a yearly revenue from Thorny River of 30-40million should we see at least 3 or 4p
Any thoughts?