RE: Price of gold15 May 2024 11:32
hi martin, i’m sure someone like bamps will be able to thoroughly go through the calculations down to the nearest dime. but here’s my back of the *** packet attempt.
for each million ounces we dig up, that’d be an extra $500,000,000 into our coffers. if for instance the mine goes on to produce, as some have suggested 20m ounces, then that becomes an eye watering $10b extra over the life of the mine. now divide that by say 30 years, that’s an extra $333m per annum, less taxes of course. so you can now see just why it’s imperative to get these negotiations done & dusted.