TSXV:CAV.H - Post by User
Comment by
canneon May 14, 2015 12:52am
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Post# 23727010
RE:MPMB
RE:MPMB20,000 tons production by year end would be a lofty target in my view since at the time of the news release they admitted a production of only 500 tons/month and as the news release was dated April 30, the MAX total production to this point has to be less than 2,500 tons (5 months X 500 tons). So, to reach their target of 20,000, they have to produce 17,500 tons in 7 months or an average of 2,500 tons/ month. They are giving guidance of 80% of 51,000 tons/year which is a production of 3,400 tons/month in Dec 2015. This is a very steep production curve if they are planning to go from 500 tons/month to 3,400 tons/month in seven months with an average of 2,500 tons/month. Given they plan to have the zinc and cobalt circuits running by Aug, (each with their own problems) I'll have to see it to believe it....