Post by
nozzpack on Feb 27, 2024 10:39am
Q2 ..What can we expect ?
As of mid January 2024, we had produced 16,000 ounces and sold 4600 of those ounces in Q1.
Essentially, we had about 11500 ounces of Q2 ounces ( ending Dec 31 /23 ) avaikable to be sold in Q2.
I doubt that such was the case but doubling Q1 sales of 4600 ounces to about 9000 ounces sold in Q2 seems quite reasonable .
Plus we have over $2.5 m US in Receivables from gold sold in Q1 but the funds delivered in Q2.
Lets say 10,000 equivalent ounces of revenues in Q2 including the $2.5 m US in Receivables from Q1
Thats about $25 million CAD in Q2 revenues within a lower range of $20 million or more CAD.
If so, we are going to see a big pop in our share price this Friday when Q2 reports .
Those 14,5 cent incentive options awarded a few weeks ago may not have been picked out of mid air..
Just sayin..
Comment by
romara on Feb 27, 2024 10:47am
nozz, thanks for the summerizing of the project, but what bothers me is why the management hasn't bought any "cheap shares" on the open market.... if they did.... it would show their confidence in their work.... Richard