RE:RE:RE:6 trading days and a Promise of Commercial ProuductionI like to look at how ROG, ROX Gold, has done with their start up and compare it to K92.
They started production in mid-May and declared commercial production on October 1st.
A 4.5 month ramp up.
If K92 started in mid-October and are able to declare commercial production at the start of March, that is also a 4.5 month ramp up.
ROG is looking to have between 105,000 and 115,000 oz of production in 2017.
K92 is looking for around half as much in it's first year of production, and maybe doubling it in the following year.
ASICs and deposit size are currently pretty similar.
The main reason why I'm in K92 today instead of in ROX Gold is that ROG already had their market cap doubling run last spring as production approached.
K92 seems to be roughly where ROG was last February. I would not be at all surprised if we go on a similar run over the next couple of quarters.
FWIW, ROX Gold's market cap is more than 4.6 times as large as K92's is today. I'm looking forward to playing some catch up over the next couple of years. Maybe even surpassing them in the not too distant future.
Speddyg53 wrote: Thank you.Based on the article written in December and more recent presentations and interviews,it would seem that they are a little ahead of schedule at Irumafimpa and should be producing 4 to 5000 ounces a month by March /April