Just saw this posted over at hotcopper and wanted to share and see if the figures makes sense here. When ore starts coming out we'll some great traction in the sp this year -
"Hello Everybody,
I was just thinking about all the negative comments. Some numbers run through my head, so please tell me if my numbers make no sense.
So we have a really high grade mine, if they use the concentrator, I understood that they can easily get a 100 g/t out of the mine.
here are some of my calculations:
5000t / year
5000*100=500000/31,5 =15 873 oz * 1100 nzd (1800 nzd-700 nzd( all in cost ))=
17 460 300 nzd
10000t / year
=
34 920 600
20000t / year
=
69 841 200
and this is profit, so I dont get what is bad about these numbers, they will have a lot more money than now and can expand more rapidly than before.
I am not calling myself any expert, but this makes sense to me"