RE:Overview of Assets at AGMBrownbear, you mentioned future plans.
Here are some projections (I’m not sure of the time frame of each one) that I hastily copied from the Powerpoint presentation:
Elder: 15k - 18k oz Au/year
SG: 18k - 22k oz Au/year
Abcourt: .8M oz Ag, 19k tonnes
I presume this is the production target for this year at Elder and the first year production targets for SG and Abcourt when they start up.
I asked Mr. Hinse about financing (debt) to get these projects going, and he is not against doing that. It’s just a challenge to procure that in this current economic environment. But who knows, the right financial institution or even government may step up to the plate.
Even though the timelines are staggered, at current prices the annual income in Canadian $ from the three production targets, using the upper end of the range given above are:
Elder: 18k x $1650 = $ 29.7M
SG: 22k x $ 1650 = $ 36.3M
Abcourt/Barvue: .8M x $ 19.5 = $ 15.6M (just to get going, I suppose)
Even just the projected target range for Elder shows excellent growth.
Not only are we currently making a healthy profit of 4-6 M$ a year, it looks like we are also increasing our assets at roughly the same rate! Isn’t that kind of like double profit?