december production figures are breath taking
This is what I just wrote on SA and copy pasting here. *** Breath taking production figures for December 2017. Gran Columbia produced 18.863 ounces of gold last month and 51.699 ounces for the full Q4. They increased guidance early November from 150-160k a year to 165-170k ounces, today they come with a final beat of 173.8k ounces. If you extrapolate this 51.699 ounces Q4 number, you get an annual projected production of 206.000 ounces for 2018. So a blow off top-line number for Q4 2017. But, also expect 1. a very strong (excess) cash flow generation and 2. a net profit bottom line. conversion price at todays USDCAD price lies at $2.42. We should be able to test this number the next few days to weeks. GCM is so cheap that this story is hard to believe