RE:RE:Peak daily throughput of over 450 TPD! now that they can model the processing capacitty of their mill operations, it will be interesting to see if they do the next step and model some conservative expected recovery rate and projected gold production.
I suspect this will be hard as everthing is new, but just go super conservative and throw a low risk number out. Even if they could kick out 15,000 oz over Q1&2 of the fiscal year end - that is july to December- still kicks out CDN$45 million plus in revenues and would seem to be enough to drop the new financing monkey on the back of the stock price.
nozzpack wrote: That's about 40,000 tons per quarter which @20 grams per ton will generate about 20,000 to 25,000 ounces of production per quarter.
At 20,000, Thats 80,000 ounces per year and $250 million cad in annual revenues , advancing to over 100,000 ounces per year upon expansion to the next phase of 500 tpd.
Free cash flows to the bottom line of the balance sheet will be very robust, which will enhance our trading valuation..