TSX:LSG.DB - Post by User
Comment by
finnboyon Jan 07, 2012 8:04pm
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Post# 19379330
RE: Questions ??
RE: Questions ?? Hey Harjay, if they can just keep the production at 25000 oz/quarter that will go a long way.
If you assume the $1600 per ounce x 100,000 oz. is $160 Million - $850.00 per ounce cost to produce that leaves a tidy $75 Million for capital expansion. I beleive our capital requirements were around $100 Million so we'll have to dip into the line of credit a bit for this year but that will get us to the 3300 tons per day. It won't take long to pay the bills at that rate of production. As some are saying, 2013 is looking golden if all goes according to plan.
Just my thoughts.
Finnboy