RE: 50 cent SP fattail previously wrote...
"Kiwi, I like your 50 cent SP but I get there a different way. As a producer I like to also look at cashflow and when I use a $1,650 gold spot, $725/oz cost, 3,000 ozs @month production and a 4.5 times factor, I also get to your 50 cents. I think the 3,000 per is doable with equipment ramp ups and and processed stock but there is no question it is attainable when they start adding in virgin ore."
If they get this boiler in asap and all goes well... they told us they will be blasting and loading virgin ore in February. Still some uncertainty here but IMO with all the items that they have ticked off the list risk is certainly lower than where we were about this time last year.
Once this boiler gets fixed and assuming permit and carbon columns all get done by end of January... they will have their stated "25000-30000 oz per year capacity"... production should start to gradually increase from current rate of 1000-1500 oz Au per month to upwards of 2000-2500 oz Au per month and likely beyond IMO. I base this on expanded pad, increased fluid flow, additional carbon columns, increased and more efficient crushing, increased pump capacity, etc. IMO all these improvements have the potential to increase production well north of the incremental +1000 oz Au per month stated. But that's a smart way to present it.
Now we just have to wait.