RE: Company giving snippets of info26 Jul 2025 18:35
A little reminder of the numbers for 60tph in case you missed them:
"We are projecting monthly revenues of approximately A$470,000 (US$295,000) from the Blue Mountain Project, based on a 0.6 g/BCM grade, a 25 tonnes per hour wash plant, and a gold price of US$2,790 per ounce"
So (in US$) ....that estimate was $3.54m a year.
They said that they were looking at the possibility of purchasing a 60 tonnes per hour washplant.....If they implement this then that figure becomes $8.5m/year revenue.
The original estimate was based on $2700/oz (current gold price is $3382). If we are a little conservative an apply a £3200/oz price then that revenue becomes $10.07m/year ......even if you took off 30% for commissions/royalties to the landowner and (if used) a subcontractor to run the plan that still leaved $7m clear profit.
And I haven't even accounted for the 0.6 g/t assumption which is conservative given the previous grades (I believe they were over double that).