RE:RE:Very positive swing for NEE......do your research hereMine management let it slip during the last quarter with a) not enough water, b) a breakcown in crusher capability (less than 5kt per day) and c) only getting 70% of the gold out of the feed. That said, the comment made is that, as of Jan 1, all of these problems had been resolved.
Given that they are now up to a continuous feed of 8kt/ day, almost double the 4th quarter, the saturation of the material, and proper efficiencies in the plant, we should have a good run.
I estimate that they now have well over CDN$20M in inventory with another CDN$40M added to inventory this year. With 50% coming out within 90 days, that means a probable sales volume > CDN$40m this year. and an operating cost all in of CDN$30, we should have a net profit of well over CDN$10,000,000 or 5 cents a share. And, this should continue for some time given the probability of mine extention.