Gold down but not to the $1250 which I based my calculations
It is expected that Ana Paula will be in production late 2016 or early 2017
@ 116000 au oz & San Francisco 100,000 au oz = total 216000 au oz
@ 1250.00 au oz X 216,000 produced = $270,000,000
@ all in costs $850.00 auoz X 216,000 = 183,600,000
All in costs based on Email from TMM Vice President Production
All sitting on the sidel line & paid for is the Caballa Blanco project
@ 90,000 gold oz per yr
Starting in latel 2016 or early 2017 TMM projected yr income is
$86m ( There will be $10m in debts plus $100m Capital costs Ana Paula)
Obviously there will be no broplem with paying off the debt & Capital costs.
$86m X 7 yrs is $602m less the debt & Capital Costs $110m leaves a
nice profit $492m devided be 7 yrs is 70.28m or $0.22 per share
This coming Friday TMM will be presenting finacial results Q1.
Cheers