What Year is this....?
Gentlemen, ladies one and all. During quiet times, away from the children, I am regularly caught by the other half, wistfully musing over the day / month or year when Verde may begin to gain some serious traction in the markets, in otherwards when will it begin to be picked up by the big boys? On this note, I returned to the PFS and took interest in page 201 of 218, Table 22.2-1 Economic-financial analysis of the Project. This table (a link to a screen shot can be found below) sets out the year on year costs and subsequent profits. Estimates of Years 1 and 2 conclude with circa 600kt of mined product with a total revanue of $23m. Year 3 sees us jump to 5m tonnes of mined product rocketing the revenue to $177m. Now (Aug 2020) we have receipt of the latest Operational License and the Company is now fully permitted to mine 432,800 tpy, are we on the cusp of Year 1 (as defined by the PFS) , albeit with only permission for 70% of the targeted 600k? Moreover, in the August 2020 press release, it said "Though we will not reduce the drive towards obtaining the 2,500,000" would it be correct to assume year two could look far grander than defined by the PFS (600ktpy) should this 2.5mtpy Operational License come to fruition..... ? It has the potential to make for a more exciting year 2 but I'm not so sure the other half is willing to wait that long . Just thinking aloud....... Dum De Dum Dedum. C. https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:653e075f-5c38-434f-9aed-b4520b81b27b