RE: Letter to ShareholdersI have just reviewed the input on Sedar. It is just as I anticipated. He has played it close to the hip and achieved production with no dilution. They are talking about ramping up production for the gold. That will cost up front capital. It will take time to see how much and at what cost.
Great news as they are drilling the copper zone!
518,000.00 lbs of copper on the ground. If we work with that 60% figure as estimate of net value minus cost to extract and taxes, thats 311,000 lbs x price of copper, say $3.50 = $1,088,500.00. There is close to $.5m in net cash for copper already shipped, or will be by August. With out digging any more copper this year thats $1.5 m
This play is a treat. It is limited but what fun. What will be mined tomorrow, do they mine copper? Do they mine gold? How rich is the copper play?