GREY:NEVDQ - Post by User
Comment by
Notgnuon Nov 11, 2020 3:27am
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Post# 31875838
RE:Running at 90% capacity now !!
RE:Running at 90% capacity now !!Notgnu wrote: News out and financials are on SEDAR.
Looking great IMO. With copper at the upper end of the project feasability study and the mill already up to 4,400 tons of 5,000 tpd design capacity cash will be flowing in in the coming months.
Short term cash needs to pay off the last of the build out (to keep the ore flowing in at 5,000 tpd) will be easy to obtain at favorable terms in the next six weeks now that there is visibility on the $80 million initial yearly cash flow.
So for Q1:
MY Rough (guestimate) math:
5000 tons per day X 2,200 pounds per ton = 11 million pounds per day of rock.
11 million pounds X .015 copper = 165,000 pounds of copper in concentrate per day
165,000 pounds X $1.15 ($3.15 copper - $2.00 costs) = $189,750 PER DAY
$187,750 per day X 30 days = $5,692,500 PER MONTH = $68 million per year Cash Flow
Plus gold and silver credits but I didn't reduce the above for recoveries so maybe balances... no idea.
Plus expansion of open pit resource value
I'm happy with that... what am I missing??
GLTA,
Notgnu
Also at $.08 per share that is
only 0.33 X Book Value for a brand new mine LoL crazy low IMO :-))