"""The Company has set a production target of 36000 to 40000 oz of gold in the first two years of the plan and in excess of 60,000 oz of gold per year in the subsequent 3 years. The cash flows have been based on the price of gold being an average price of $1350 per oz for the 5 years of the plan and operating costs to average $567 over 5 years.""""
At the low of the range at
36,000 oz x $1350.00 (average per oz value of gold) = $48.6m gross revenue - $567.00 an oz cost $20.4m = $28.2m net revenue.
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