Big moves up in production
The company is producing and on track for 25,000 oz for 2023. Couple of point to note
1) moving towards another 1000+ mpd ball mill to double production
2) Exploring and hitting gold everywhere they drill
3) Impressive COG per ounce
4) a concern is that interest rates are taking a bite out of revenue
5) starting this Feb 2023 quarter they are forking over 434oz per quarter to for borrowing 2.5M from OCIM which at current prices nets OCIM at healthy 25%+ return on money lent.