Post by
Notgnu on Dec 23, 2021 2:19pm
Concentrate on the fact that >>>
It matters very little where the concentrate goes or who the ultimate buyer is. We have off take agreements so we just need to get the craap out of the azz end of the mill and of Yerington.
The underground is average about 1.8 % copper and that pays pretty damn, well once at running at spec of 5,000 and an eventual 6,500 tpd.
5,000 tpd is almost 5 million pounds per month (5000 X 30 days X 2,000 pounds per ton X .018 average grade X .9 recovery = 4,860,000 pounds of copper in concentrate to ship out.
It is not hedged so apply $4.30 and back out $2.00, of all in cost to produce, once past the start-up issues that are soon in the rear view mirror.
That is $2.30 X 5 million pounds. That alone is $11.5 million Yankee bucks per month and that is about $14.5 million CAD per month
And that is ONLY the underground. The open pit bare property is worth more than the current market cap... by far IMO.
Keep it in perspective
$5.00 per share easy
Yes... My F'n opinion so go Fkkcc yourselves
Cheers and Merry Fkk'n Christmas :))))
Notgnu
Comment by
TomsStockHut on Dec 23, 2021 2:24pm
...same to you Notgnu, have a nice time and stay healthy, Tom
Comment by
SNgu8000 on Dec 23, 2021 3:09pm
NOTGNU is getting HOT ! Someone WANT BIG BLOCK IN LAST THREE DAYS - NOT RETAILERS ! I had " big bag " downstair waiting for SHORT but now I think no chance to get fill
Comment by
nofluff on Dec 23, 2021 3:11pm
We could c a cad buck before year end:)) nf
Comment by
nofluff on Dec 23, 2021 3:15pm
I believe .70 by days end:)) nf
Comment by
Notgnu on Dec 23, 2021 3:26pm
It's finally looking good friends. Enjoy your christmas and let's just see what the new year brings. Cheers, N
Comment by
RoyKerr on Dec 23, 2021 3:51pm
if iorich turns this fockker into a major this decade, guy will go down as a legend.