TSXV:SLX.P - Post by User
Post by
mousermanon Mar 12, 2011 9:52am
327 Views
Post# 18275058
northmat , La guitara
northmat , La guitaraI believe the current capacity at La Guitara is 320 tonne per day, and underground reserves would run about 6 ozs per tonne silver with maybe 1.5 gpt au with about 90% recoveries. That calculates out to about 1900 ozs per day silver and 15 ozs of gold . Off the cuff calculations, for 360 days would give you around 685,000 ozs of silver and MAYBE 5000 ozs of gold.
I am positive that management is planning to increase production but until they get a good handle on what they have there at La Guitara , how much they will increase it is unknown.
An increase to 1000 tonne per day was talked about, and the cost to get there would not be too dear, compared to what was estimated in that feasability that was done.
That would put SLX at about 2 million ozs per year silver with over 15,000 ozs of gold. Very decent , and would bring in revenues somewhere around 90 to 95 million$ annually at current prices. This is only based on underground mining.
SLX of course has other projects with near term production potential , but i believe Temascaltepec will be the focus here.