RE:RE:RE:RE:RE:RE:RE:Keep going like they are and................................They have been telegraphing for 3 months in releases and interviews that development progress at Premier was slow and that ore stockpiling from Big Missouri was underwhelming. It seemed fairly clear that they wouldn't reach cash flow positivity in Q2 and possibly not Q3 either. Which is one reason why I sold in the 70s and 80s.
They are spending $10M per month or $30M this upcoming quarter until Premier gets the company's head above water with additional production in Q4. If Premier and Big Missouri are each costing $5M/month then that implies an AISC of $1111 USD/oz if they can achieve full production at expected grades from all three mines. ($15M x 12 mo) / 120koz/yr / 1.35 CADUSD = 1111.
For the market cap to be down $240M from peak over an impending financing of less than $30M and a landslide at an unrelated mine is an overreaction. I'm back in at $0.46. Imagine summer 2025 with gold steadily pushing toward $3000/oz and Silver Coin production imminent, to bring them from 80k to 120k ounces annually, profiting $1900 USD/oz. That's the entire market cap of the company in one year's profit. "People will be surprised at the cash flow" indeed.