American Bonanza Gold Corp ABGFF

RE:RE:RE:RE:RE:RE:RE:Not so bad...

[rotten2core]

Leafs007,
If they can achieve their base case production for 2013, they will produce ~14,000oz in 2013.
But looking at 2014 forward, production ramps up to avergae 46,000oz/yr for the first 3 years.  Then, production decreases to average 32,000 oz/yr for the last 3.3 years.  This is due to the depletion of the resource.  Bear in mind, any additional proven resources will extend mine life and allow them to keep production higher.  The Feasability study does not take into account resources from the "inferred" category. As it is not actually proven at this point, it can't be included in the 43-101.  
In all likelihood, this gold will be proven and will add to their mineable reserves.  Also, (and this is where their deal with Suparna starts to pay dividends) any further exploration success will become future feed for the mill (and of course is not taken into account here).  With any luck, life of mine can be extended significantly and production could continue at ~46,000 oz/yr indefinitely.
By signing the earn-in deal with SUG, they get the drills spinning and hope to add to their resource without having to use their own cash or manpower to do it.  This allows them to keep their focus where it should be - ramping up production to produce positive cashflow