MDL 0.00% $1.75 mineral deposits limited

2007 2008 150 m per annum income

  1. 172 Posts.
    lightbulb Created with Sketch. 77
    The annual report is a great read, MD estimates are for annual gold production of 150,000 oz
    annual zircon production of 85,000 tons.

    Costs are 110 and 130 M respectively.

    Based on current spot prices for gold $600 US oz and zircon of $700 US ton.

    I get annual income of 150,000,000 US.
    Assume costs of 30% gives 100,000,000 US per annum income.

    300 M shares on issue thats 30cents per share for the life of the mines.

    Some one please tell me if any of the assumptions are wrong!!.

watchlist Created with Sketch. Add MDL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.