RE:RE:RE:RE:RE:Help me understand No offence Gandolph, but your models are way too optimistic. Great Panther, Mandalay and Orvana are well below what you were expecting, even below my usual pessimistic expectations, to be honest . You should add a -20% penalty for unexpected events in your equations. Now waiting for Ar, Lmc and Abi reports.
ganndolph wrote: Ytinasni,
What part of the turn around at El Valle don't you understand?
As of Q3 year to date, Orovalle reported a profit of $3.188 million USD. Based on the Q4 production report,
Orvana's production translates into $140 million USD in revenue, and a gross margin of at least
$5.6 million US dollars for FY 2019. Orvana had over $ 6 million USD in gold dore and copper concentrate
in inventory at the end of Q3, so if they sold only half their inventory plus their Q4 production, Juan Gavidia
will be able to report record revenue, and a PROFIT for the first time in many years in December.