Alhambra Resources Ltd. V.ALH

gold production from the heap

[tivoman33]

Kid, you have them with inventory of 32,000 ounces being produced?  That would be worth over $20 million after they pay their costs, right?

[Kid_Scythian]

You are correct in pointing out that, on an operating basis, while current “work in progress” is $700 – $750 per ounce, of which roughly $350 has already been ‘pre-paid’, that does not include other overhead costs. Still, it would be over $20 million.

[greg3810]

From the company most recent and potentially last MDA: Earlier in 2012 the mining contractor had mechanical issues with its equipment which impacted their ability to mine ore. In addition, because of the Corporation’s constrained financial resources, both the mining contractor and the Corporation agreedat the end of the second quarter of 2012 to suspend mining operations in order to conserve cash