RE: True Test...& Overhang & WarrantsFire:
[S] Thanks for the reminder on the warrants:
1. Dec 10, 2012: 5 326 782 @ $0.884 = $4 758 843
2. Feb 20, 2013: 6 709 028 @ $1.008 = $6 834 462 (portion required to top up funds to buy the remaining % of stream use as collateral for a 51 day loan?)
for $11 593 305 additional funds from the warrants to Feb 20 2013; see pg 27 of the October presentation:
https://www.snl.com/Cache/1500043918.PDF?D=&O=PDF&IID=4288058&Y=&T=&FID=1500043918
WIth the POG going up ~$50 in Nov to date it appears that the $2,000 COULD be possible,as the $US election is behind us and the $US is finally rerflecting QE ad naseum.
BWDIK? At 2,200 tpd mill throughput, OP (or other contribution) steady state to be optimized to 1 000 - 1 200 tpd (@ 2.5 - 3.0 gpt with the UG to 800 - 1 000 tpd @ 6.00 gpt. Thus at 2 200 and 1 200 open pit and 1 000 UG tonnes working in conjunction with an increasing POG and reduced cost per ounce ... things COULD get interesting.
Cheers
Stanley