Overall Positive signs I believe 2011 production is within estimated totals.
10,197oz x 1400-1500/oz prices = 14.25 - 15.25 mil; remember this is only from a single mine.
Q3 2011 9mos results showed total expenses of $14.5mil (4.8mil/Q) & revenues of $7.9mil; 5,723oz of gold was sold @ avg prices of $1,476... 6,596oz was mined = 873oz available for sale in Q4 2011 + 3,726oz mined. This is a potential 4,599oz available for sale in Q11: 6.5 - 6.9mil possible max revenues from Q4 2011.
Assuming Q4 will have the exact same average quarterly expenses of 4.8mil and a possibly 6+mil revenues, it is very well possible that we can see Q4 2011 in positive cash flow. This will definitely be great for AMC share price. IMO Q4 2011 will not reach positive CF as they will not have sold all gold produced; Q1 2012 will be positive - especially if another mine starts production.
GL, HF.
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