RE:RE:RE:They still need at least $100 million to develop Ana Paulastrikezone: I donot see the $100m as a problem "During the quarter we completed and updated the Ana Paula PEA to incorporate the El Sauzal facilities acquisition into the capital estimates. The CapEx now has been reduced by $42 million which results in an after tax NPV of $248 million with an attractive IRR of 43% using $1200 gold.
Current status of the dismantling the relocation of El Sauzal facilities is on track and is approximately 80% complete. We target the full completion of the dismantling and transport into storage by the end of June.
Q1 is a good example of things to follow. 25k oz @ $1160 gold
gave $6.3M Net profit > No debt >Expect to see net profit about $ 9M per Quarter.with Gold @ $1250 Expections for Ana Paula are Net anually about $74M which IMHO should be No problem in paying for the $100M. " She's all in the price gold" So I am Bull on Gold.
Cheers