RE:RE:all debetures CONVERTED they will have 93M shares ZERO DEBTThe Marmato plant has been milling more tonnes than Segovia.
Q2 Marmato milled 84,772 tonnes. Segovia milled 76,634 tonnes.
Marmato is producing a lower 24k oz/yr because it is currently mining lower grade.
If they reach that high grade portion that they found (20 g/t) which they are presenting at the Colombia conference, then the production at Marmato can significantly increase without needing to upgrade that plant. At that high grade, and if they drill enough of it, dreamers would dream that Marmato production could come closer to that of Segovia. But that sounds too good to be true.
kkkrrr wrote:
no, 5-6 CAD ..at POG of 1300USD ...higher SP if they find a partner for Marmato or a financing opption for a larger operation there. this 13 million oz at marmato are nice but worth nothing with an mickey-mouse-operation of 20000 oz p.a. at high cost... bringing marmato tofull fruition is the long-term upside here ;) ..hope they will develope it without big dilution...