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Gold Springs Resource Corp. T.GRC

Alternate Symbol(s):  GRCAF

Gold Springs Resource Corp. formerly known as, TriMetals Mining Inc. is a growth-focused gold exploration company creating value through the exploration and development of the Gold Springs project in Nevada and Utah, U.S.A. Management has extensive experience in global exploration and the mining industry.


TSX:GRC - Post by User

Bullboard Posts
Post by eebleron Feb 29, 2012 7:44pm
495 Views
Post# 19608156

Update specifics

Update specifics

This part in the update was of particular interest regarding MK:

Malku Khota Pre-feasibility level engineering work in progress focused    on optimization and production level expansion opportunities with an    updated Economic Assessment study targeted for release Q2-2012.

(emphasis added)

Last year's PEA was already targeting annual production of just over 10.5 m ozs of silver over the life of the mine (13.2m ozs in first 5 years), so an increase to production should make for even better economics.  For them to mention production expansion it must be big enough to make a notable difference.  At the mid-case, every 1m ozs more of production puts approx $20m of annual cash flow on the books in the first 5 years.  At the Recent price case, each 1m ozs more of annual production is good for approx $30m in additional cashflow per year over the first 5 years.  They could easily pop cashflow up by $40m-$100m depending on silver pricing and how much more they want to produce per year. 

Bullboard Posts