Have you no clue. We will begin producing gold just as soon Have you no clue.
We will begin producing gold just as soon as the current mill upgrade is complete so that gold recovery will be close to 98%.
Those ounces will come from old stockpiles right around the Pine Cove mill which is almost onsite and cheaply mined.....weeks or so..
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I hope that you are right with your predictions Nozz. If that is the case it would be nice to hear it from the company.
I just reread all the Sedar documents for the last few months. One positive is the cost of key personell was lower than last year.
I still couldn't find where the cost of upgrading the mill would be $1.5 million that you stated you read on Sedar.
So a new feasibility study, 3000 m of drilling, $1.5 million for the mill upgrade.
The last quarter they were under water close to $1.7 million dollars.
So they don't have a whole lot of money that is not committed. Perhaps Dundee will exercise their 33 million warrants at .05. That would bring in a million and a half to keep running.
But I really hope that you are right about them starting to produce revenue in weeks. If they don't, at what price will they raise the next $20 million that they will need in the spring?
GLTA