Summer Bulk Sample To Produce Revenue of $9 -13.5 Million ?Assuming a gold price of US1,850 per ounce, a US-CAD exchange rate of 1.22, and 4,000 tons grading 1 oz/ton gold, the bulk sample should produce at least CAD$9 million in revenue.
If the bulk sample is 6,000 tons at the same grade, the revenue should be at least CAD$13.5 million.
The profit under either scenario should be massive due to the high grade/low tonnage dynamic (an operating cost of US$450 per ounce has been discussed by management as an estimate of next summer's 100 ton per day operation.
In short, it appears that the profit from the bulk sample this summer should result in the company having a big treasury which will be more than enough to finance the regular mining operation (12 months a year) which will commence next summer. The profit from the regular mining operation will be massive.
This is the most undervalued emerging gold producer I've seen in over 40 years.