RE:17 gpt Production needs more drilling
The latest Colombia Tax Reform reduces the corporate income tax rate and repeals the 4% surcharge imposed on corporate income, reducing the total tax rate from 37% in 2018 to 33% in 2019, 32% for 2020, 31% for 2021 and 30% for 2022 and onwards.
at the end that help a lot on cash and they pay less interest each quarter
in q3 earning in the webcast ," they want be a 300k oz producer and they need around 40 million us in drilling and mill update( 2000tpd) to do that "so i think they just want to speed up the process
every drilling program give around 11g/t but they mill 17 gpt probably they continued to chose the hight grade for the mill fro 2019
gcm just start big drilling ( 20000m /year) in 2017 so it just just the beginning
a lot of know vein to explore
all for a market cap arround the 2018 ebita
right now
i think the mill produce around 1000 tpd to 1100 tpd
but
Plant has capacity to handle up to 1,200 tpd at present; expanding to 1,500 tpd in 2019 at a capital cost of ~$1M.
so i think the it just beginning