"Assuming same all in costs of Bells Scoping Study of $1177/oz then at current prices (2300-1170) x 150kozpa = US$170M per year"
With no background in mining it is with temerity that I suggest it might be worth looking at the potential for silver recovery and sale, noting that the price of silver seems to have doubled since the time of the Bells Scoping Study.
My (somewhat limited) understanding of the Bells silver/gold ratio was about 5:1. If that is correct then 150Koz/pa of gold also yields 750Koz/pa of silver.
With silver now at US$32oz the annual sales revenue could increase by US$24M less any production costs for silver recovery.
Interesting to hear comments from my more learned HotCopper colleagues.
"Assuming same all in costs of Bells Scoping Study of $1177/oz...
Add RXM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $199.6M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $45.51K | 178.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 114168 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
26.0¢ |
Change
0.005 ( 1.96 %) |
||||
| Open | High | Low | Volume | ||
| 26.0¢ | 26.0¢ | 25.5¢ | 69637 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| RXM (ASX) Chart |