730 level When looking at slide 11 on thier website you can see how they will lower their costs down to $600 a ou.
At this level they can support several years of production at a very low cost. Looking through the presentation a few times makes me think he is being very cautious and conservative about his estimates. This is from a past news release.
According to the PEA, Timmins West Mine is expected to produce 130,000 ounces of gold in 2013, which equates to average mill throughput of approximately 2,300 tonnes per day, increasing to 160,000 ounces, or close to 3,000 tonnes per day, in 2014.
We need to support the mill expansion of 5000 tpd and I now see how he will do it. It takes time to become a mid tier producer.
Risk