Read on Twitter
1/
Doing some calcs this morning on the #Havieron resource.
NCM use a NSR figure of AUD$50 / tonne. Look in the appendix of the MRE release in December.
https://greatlandgold.com/wp-content/uploads/2020/12/20201210_Havieron-Iniital-Resource-JORC.pdf
So the NSR value takes all costs into consideration.
#GGP $GGP.L @GreatlandGold
Doing some calcs this morning on the #Havieron resource.
NCM use a NSR figure of AUD$50 / tonne. Look in the appendix of the MRE release in December.
https://greatlandgold.com/wp-content/uploads/2020/12/20201210_Havieron-Iniital-Resource-JORC.pdf
So the NSR value takes all costs into consideration.
#GGP $GGP.L @GreatlandGold
2/
Plugged this into a spreadsheet to work out the #GGP percentage of profits.
Assuming 2Mtpa initially from a stoping operation and using current exchange rates then I get table 1.
Plugged this into a spreadsheet to work out the #GGP percentage of profits.
Assuming 2Mtpa initially from a stoping operation and using current exchange rates then I get table 1.
3/
This is using NCM's assumption of USD$1,400 per ounce - I then worked out the increased profit per tonne if the "realised price" were USD$1,800 / ounce and the second table gives an idea of profits.
This is using NCM's assumption of USD$1,400 per ounce - I then worked out the increased profit per tonne if the "realised price" were USD$1,800 / ounce and the second table gives an idea of profits.
4/
As NCM move from the stoping operation to Sub-Level Caving then the costs should improve and there will be higher production rates.
Hopefully there will be higher gold / copper prices then also.
It's easy to see why the II's are clamouring to get onboard.
As NCM move from the stoping operation to Sub-Level Caving then the costs should improve and there will be higher production rates.
Hopefully there will be higher gold / copper prices then also.
It's easy to see why the II's are clamouring to get onboard.
