RE: RE: New Video & Quarter expectations
Thatnew mill looks pretty good - and it's been in operation since April 27th ofthis year. Looking forward to the Q Results due out at the end of the month...
Iam expecting (conservatively) $6 - $7M as they were commissioning the mill in 2of the 3 months in the Q, at 3000 tpd.
Assume660 oz per month for the first month (which the CEO said was their average permonth in the Nov 2010 interview), then triple that, per month, for the twomonths the mill was being commissioned (TPD went from 1000 tpd to approx to3000 for the last two months.
Hopefullythere were no hiccups in production, and it would be nice to see if theygradually increased production.
Assumegrade remained constant (which is still low for them) at .5 g/t
Assumethe price received per oz was $1500 (slightlybelow average for that period (Apr-June)
Total:4600 oz.
Revenue:$6.9M
Ofcourse, they will still show a loss because 50% of net profit from goldproduction is going towards paying off their partners for their portion of millconstruction...