GREY:PTQMF - Post by User
Post by
goldpigon Aug 10, 2011 8:04am
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Post# 18925104
Gold up another $20 today
Gold up another $20 todayLike others, I have been accumulating more shares here over the past few weeks of weakness.
The value here is accelerating very rapidly.
We know that the first quarter has been a record in every respects, including gold sales, ore mined and cash flows.
The current production rate for contained gold is 140,000 oz a year while gold sales will probably be close to 22,000 in this quarter and 25,000 oz in the following quarter.
Gold sales should increase to about 30,000 per quarter by the end of this year and reach full production and sales levels of 145,000 oz by mid-2012.
100,000 oz of produced gold is the mark of a substantial gold producer , and should increase trading valuations.
We are currently above 85,000 oz/year, just 3-4 months from the 100,000 oz level and less than one year from rising to 145,000 oz level when both leach and Sag mill expansions will be fully utlized.
Cash costs will continue to trend downward to the projected $550 level at full capacity.
The current market cap of $125 million does not do justice to this new production profile, far from it by any measure less than 5 times.
KGI just reached 25,000 oz of production per quarter and its market cap is 10 times that of Petaquilla.
Comparison with others give the same results.
Anyone know the details of the portuguese mine capability ?
I figure less than 10,000 oz but pure guess.