Productionheard from the company, they are still planning production start in July, with an annualized production of 95,000 oz Au at an AISC of $1,000 US/oz.
with gold at $1,580 US that's almost $195,000,000 CAD in revenues per year, and 'profit' of $72,000,000 CAD per year.
For every $100 increase in gold price, that's another $12,000,000 CAD added to the bottom line. And some are forecasting $2,000 to $2,500 gold in coming years.
If they can achieve that and gold price stays steady or increases, the stock price will need to be re-rated.