Income and expenses...
Nicole responded promptly to my email. The news she shared with me is that the Jerritt Canyon milling facility is currently producing gold. The facility is in the ramping up stage to a steady rate of production utilizing the full capacity of the circuit. The exact rate of production at the moment is unknown to her, but they are looking at producing 2,000 ounces per week once the mill is running at a steady rate.
I’m asking her if the profit from current production at Jerritt is enough to cover the operation's expenses and enable Jerritt to arrive at a steady rate of production utilizing the full capacity of the circuit? If it is not, I’m asking her to itemize what expenses are absorbing the the dollars Jerritt is currently earning.
Let’s see what she says.
G.