Future Revenue & Profits14 Oct 2016 21:13
Excuse me if I have got this wrong, but assuming the bank plays ball then the potential 100,000 oz of gold in 2017 at current price $1,250, less the projected all in costs of $845 as stated in the RNS, would produce a net profit of circa $400 per oz = $40m per year. Assuming the bank plays ball is that not going to be a good deal for pi's going forward, not withstanding that the 1.5p placement is a smack in the face for current shareholders. However, maybe this action is necessary to get the business operating on a decent cost and profit base for the future.