GREY:MXOM - Post Discussion
Post by
aprilsteeler on Oct 12, 2012 1:30pm
Producing / Exploritory Co.
MXOM has current production along with other prospects as well. This is huge as it can be time consuming to obain lincense on a property.
As seen from the REDCHIP report.
Feasability study also due in late Q4.
Currently, production on the property is occurring at a rate of about 550 tons per day (TPD), a rate that the Company believes can be maintained through 2012. If this rate of production is maintained throughout 2013, MXOM believes that net cash flow to the Company (assuming current metal prices), would exceed $1 million per quarter. However, for 2013, MRT is making plans to expand production to 750 TPD, which would further increase cash flows to the Company if the improvements are implemented. Based on our conversations with management, we are projecting that production at the Cieneguita mine will be increased to 750 tpd by April 1, 2013.
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