The Guessing Game - Investman Happy Holiday to all.
Investman,
This is what I have a problem with as far as your statement; you said
.......If they are to produce 500K ounces OVER THE MINE LIFE it will still means about 500M$ in profit overall. Not per year but for the total mine life being 6-8 years.
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You are expecting them to produce about 70,000 ounces per year for about 7 years to take out all the gold. I do not see how this is possible given the bootstrap nature of the mill. It takes a a lot of processed ore to get that much gold and usually about $30 - $40 million in equipment to do it, plus infrastructure; power, tailings pond, water, etc..... I just don't see that kind of production until maybe year 4 ( when the bootstrap has been expanded significantly). Of course this is all conjecture and the forecasted yearly production could be asked of TVI. If it is 70,000 ounces per year I will be pleasantly shocked. ( I believe at the grade they have, it would take at least a 2,000 tpd mill to achieve that rate of production and that is not bootstrap.
From a very rainy but very warm ( for this time of year ) Virginia