RE:Updated PresentationForbesa13 wrote
The company has posted an updated presentation on their website with operational info on mill refurbishments, delivery and prep for the Ball and SAG mill, work camp construction, etc. Worth a read if you have 15 minutes.
Would have preferred some of this info in a widely disseminated news release but whatever I guess.
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A very good and detailed presentation. Things are progressing in many different areas. At the mine building early construction has started with parts for the ball mill etc already on site. The construction camp is being built, new large diesel tank installed and filled, Temporarty 25 kv power to the mill building, office area being renovated.
Things are starting to happen. The construction is planned for all of next year with first production expected by late 2022. Ramp up to commercial production is expected in the first half of 2023. Then they have to pay back the loans etc. which should happen relatively quickly as they should be making some good cashflow at that point and the loan is not very large.
So by the beginning of 2024 AOT should be or be close to debt free and cashflowing aprox. $140 million US per year at todays gold prices. That is of course if there are no delays which are more the rule than the exception with junior miner start ups.
If everything goes to plan AOT should be debt free and making a lot of cash in aprox. 2.5 years from now which should result in a much higher shareprice.
Was thinking about buying some shares but it appears that there will still be a long wait around here for fireworks in the shareprice barring any unforseen event such as a buyout etc. which could always come along.