Exmin''s Potential Production from MorisHello,
My first post on Exmin. I'm hoping sharper investors out there like coach, et al, can help me out.
I'm trying to get an idea of Exmin's investment potential.
With the share price currently around $0.52 and 66.9 million shares outstanding, according to Emxin's website, that means EXM has a market cap of only $34.79 million, which is approximately half of Impact Silver.
I understand that in Q3 of this year the Santa Maria de Moris mine will go into production. I have also read that Exmin has a 30% ownwership interest and that Hochschild has a 70% ownership interest in the Moris mine. I also found in a news release dated July 19, 2006 from Exmin that the Moris mine prior to shutting down in April 1999 was a 3,000 ton per day operation.
How long would it take for Hochschild and Exmin to get the Moris mine back up to a 3,000 ton per day operation?
I've scoured Exmin's website and Hochschild's website and I can't find any information at all on what the initial ton per day production will be starting in Q3 and how fast and at what rates the daily production will increase over time?
Also, how much silver and gold can Hochschild and Exmin realistically extract from each ton of ore at the Moris mine?
Any ideas on what the cost of production will be?
Sincere thanks to all with helpful answers.