Fortuna Mining Corp FSM

Napkin math

[SKRiderFan]

Gonna try a bit of napkin math with my trusty slide rule.
Capacity of Lindro mill = 18750 t/day
Operating at 95% capacity = 17,800 t/day
Grating @ 0.63 g/t =11,214 grams
11,214 g x 0.032 = 358.8 troy ozs/day
358.8 ozs x $1900 =680,200/day

[Elchico1973]

Nice. So where do you see the share price in march w a $30+ silver price?

[woolco]

Well I fully expect us to hit $30 with a shot at $35ish....on Silver. The real winner for us will actually be GOLD...we are mining 650 oz per day....so if Silver at 30...then gold at 2150....huge leaverage. I would expect at 30 silver and 2150 gold...we will likely be around $25 Cdn Dollars. Becoming part of the index has also super charged the company....in a net inflow environment.  Fund

[crow27]

Could not agree more woolco!!!

[goldman88]

This post has been removed in accordance with Community Policy

[robert41]

from company website.....Lindero First twelve-month commercial production is estimated to be between 145,000 to 160,000 ounces

[SKRiderFan]

I used 358.8 ozs/day and the grade is almost impossibe to judge until they do the actual mining becauce you will hit rich and poor veins. SKR

[Elchico1973]

Right, I forgot about lindero being more about gold. I'd guess at 2500$/oz by fall if not sooner. Should be fun for a while.