Post by
nofluff on Nov 14, 2023 7:57am
much slower
mill start than expected but nice news on stope development. About acording to guidance. Financials not on web site yet. I am guessing they will need another small financing.
nf
Comment by
nofluff on Nov 14, 2023 11:09am
There might b clarity on q3 report on any need for financing. My guess is that oct probably produced 1.5 million cash. Nov. should produce 3 million and depending on grade Dec. should produce 10 milllion for a total of 15 million. Jan. on should produce, 20 million per monthminimum. So we are in transition to profit. Morning star says ncu way under valued. nf
Comment by
nofluff on Nov 14, 2023 11:21am
Another calc guess, is that q3 end there was about 50 million dollars of ore access with both stope and developement. Much more in the forty days since. Looking good, nf