Post by
AlfTanner on Mar 21, 2024 4:59pm
Good presentation
I think this was a good presentation. They are ramping up, but very s l o w l y ...
https://www.youtube.com/watch?v=k7RIgW90H4g
Comment by
lscfa on Mar 22, 2024 10:54am
Co. expects low to mid grades (200 ppm to 1200 ppm). I will use midpoint of 700 ppm, or 700 gms per metric ton. 5000 lb/day capacity = 2.27 mt /d => 1589 gms/day = 56 ozs/day 5 day work week =260 days/yr 80% run time = 208 days 208 days x 56 ozs = 11648 ozs/yr pl/pd price US$1000 x 11648 ozs = US$11,648,000 revenue/yr
Comment by
triken on Mar 22, 2024 10:59am
Thanks for that, assuming you heard everything correctly LOL. Unable to locate presentation on website or youtube! Any comment on timelines?
Comment by
lscfa on Mar 23, 2024 4:18pm
They said they will hire and train a second shift crew and being producing 5000 lbs/day by end of JUNE.
Comment by
lscfa on Mar 23, 2024 4:25pm
So assume US$500,000/mo revenue for Apr/May/June, then US$1,000,000/mo thereafter.
Comment by
Halfblind on Mar 22, 2024 12:14pm
Also, RGX share of revenue is 55%.
Comment by
lscfa on Mar 22, 2024 5:48pm
RGX get 55% of the profit (revenue - expenses). Revenue share is a misnomer.
Comment by
lscfa on Mar 22, 2024 5:42pm
New information? The revenue sharing with Davis starts after RGX recovers its capex