RE:Highlights from April 4 >>> Will we get a progress update next week maybe? Guesses?
3,000 tpd x 1.8% copper (after diluting the 2% to 2.5% stope ol.9re with some development ore)
= about 2.9 million pounds per month (assuming a 90% recovery rate)
= $13,630,000 revenue for 30 days or $7,830,000 cash flow (uses $4.70 copper and $2.00 / pound cost)
X 12 months would = $163 million revenue ($94 million of which would be cash flow)
Of course during that 12 months production will ramp up to 5,000 tpd so ... much more
(assuming $4.70 copper)
And then there is the open pit currently priced at three squirrel farts and a lollipop but worth a billion or so
N.
Notgnu wrote: "...Operational focus is on sustaining and increasing the 3ktpd rate in Q2..." - Q2 Milestones to increase ore hoisting rates.
- Completion of paste plant commissioning, enabling significantly faster stope cycles
- Mining of additional high-grade ore zones
- Construction of a third ore pass advanced, which when completed, enables a further increase in ore handling rates towards nameplate capacity
- Sequentially higher month-on-month hoisted volumes and concentrate production
- Completion of current dike heading to access further higher grade stopes
"...focus of the program will be in-fill and extension drilling of the open pit... remains open in multiple directions, extends beyond the original pit boundary..."
Cheers,
Notgnu