GREY:ELGMF - Post by User
Post by
professon Jan 20, 2014 11:12am
409 Views
Post# 22111157
In Elgin's presentation on their web site
In Elgin's presentation on their web sitePage 26 shows the production growth bar chart. They plan to reach 60,000 oz this year. 80,000 oz next year, and 150,000+ oz by 2016 with Lupin coming on stream accounting for 50,000 oz of that total.
They emphasize that implementation of higher grade ore mining practices (both U/G & open pit) is highly leveraged to costs, and thus will significantly reduce per-oz costs.
A long life, cost effective 150,000+ oz mining operation will certainly draw attention from the Big Boys. If Elgin can show that they are on track to achieve their goals (and that's a BIG 'If') the company will be bought out sooner than later IMO..and at a substantially higher price I might add.