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20-09-2018, 01:49 PM
#3981
Originally Posted by blackcap
Though from intial calcs they are allowed to mine 20,000 cubic metres a year. If that is say 40,000 tonnes of ore and at 24g per tonne that works out to 960,000 grams of gold or 30,950 ounces, that would be revenue of $55,245,750 per annum. Happy days.
More happy: "Should the Mystery prove to be as extensive as postulated it may prove to be similar to the Maria Vein, themain vein exploited at the historical Talisman Mine and from which more than 3 million ounces of bullionwas produced over the mines 23-year life."
http://nzx-prod-s7fsd7f98s.s3-websit...144/287114.pdf
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20-09-2018, 01:54 PM
#3982
Member
They looked pretty chummy at the AGM.
Relief in their faces that finally after overcoming all hurdles, they were going to be underway.
But always making comments about the unknowns, honest answers such as "we just don't know".
Well we are going to find out aren't we.
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20-09-2018, 02:51 PM
#3983
well all I can say is well done to Mathew Hill and his team.Good perseverance and belief in the project.
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20-09-2018, 03:14 PM
#3984
Member
The news is spreading, and sellers are running for the hills, will be time again for that famous quote from someone on here.
"We have broken through the throne room and are into the treasure chamber" - something like that ?
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20-09-2018, 04:57 PM
#3985
I see the smart money is using this to exit at 1.7 and 1.6 on the NZX and 1.5 on the ASX. Rinse and repeat.
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20-09-2018, 05:23 PM
#3986
Ended the day at 1.7 and the aussies not quite so enthusiastic at 1.5 converting to 1.64. All good.
I will hang on to see what happens. Hopefully in time shareholders will get the rewards that they deserve. Rewards that justify the significant risk that they have taken.
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20-09-2018, 05:39 PM
#3987
Member
Last edited by dubya; 20-09-2018 at 06:26 PM.
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20-09-2018, 06:38 PM
#3988
Originally Posted by Brain
I think it is still a long way off before they start to mine in bulk. There have been no recent comments about toll treatment. The pilot plant only processes 90kg/hr so around about a tonne per day.
Just wondering where the 90kg/hr stat has come from, I've not been able to find it in recent reports? I do note from the last annual report "It is expected that the plant will be modular and scalable allowing components to beadded as production volumes increase."
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20-09-2018, 06:43 PM
#3989
Originally Posted by dubya
Yep. Just more of the same. Sold the last few I had @ 1.7 and am happy to be gone.
As, no doubt, those who bought your shares are happy to be in. Aint no rinse and repeat. Mining has commenced!
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20-09-2018, 06:48 PM
#3990
Originally Posted by jonu
As, no doubt, those who bought your shares are happy to be in. Aint no rinse and repeat. Mining has commenced!
At 90kg/hr or $1,000 profit per day, just covering the CEO salary
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