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Saturday, 10/14/2017 12:23:17 PM

Saturday, October 14, 2017 12:23:17 PM

Post# of 1870
tremendous post "CRAZY NUMBERS" by llihevad1
every word below a gem and i am saying he is being modest. YUP. will elaborate later but this is a superior poster, knows mining industry numbers inside and out, imho

October 13, 2017 - 09:08 PM 196 Reads
Post# 26812723

"Crazy numbers" -

llihevad1
2.5 stars October 13, 2017 09:08 pm

Based on 2700 tons per day
Break even AISC is 6.44 grams per ton before interest
with interest 7.8 grams $700M @ 7.5%
So at 12.36 grams mined last two months...
If we just stay here 4.56gramX2700tonsX365days divided by 31.1grams X $1,250usd = $180,622,186
Shares o/s 188M = $0.96 Earnings per share

at 15 P/E = $14.40USD
at 20 P/E = $19.20USD
at 25P/E = $24.00USD

If they actually hit their stated grade of 16.1Grams

If we just stay here 8.3gramX2700tonsX365days divided by 31.1grams X $1,250usd = $328,764,068

Shares o/s 188M = $1.75 Earnings per share

at 15 P/E = $26.25USD
at 20 P/E = $35.00USD
at 25P/E = $43.75USD

For our Canadian investors add another 25% to the share price...

Why sell?
Volume is going up in the mill to 3,300 tons a day
They keep hitting high value gold at depths below the mine
Another VOK to the east...