RE:RE:MJS 2Q14 results: some good signs
Great point guys.
Plezo, what you posted should not be lost on shareholders. If MJS just doubles its grade to .82, it doubles it's oz to approx 12k/Quarter. It is doing no more work or milling, so costs should be stable, which would result in a 50% decrease in cost/oz.
Considering MJS has average grades of 1.2, oz go up to 18k, on the same work and therefore the same cost, so cost per oz is decreased by 67% as they now produce 3 oz for every 1oz they used to produce when grade was .41.
Interesting times ahead. The question always is... how far ahead.
B