Post by
profess on Jan 20, 2014 11:12am
In Elgin's presentation on their web site
Page 26 shows the production growth bar chart. They plan to reach 60,000 oz this year. 80,000 oz next year, and 150,000+ oz by 2016 with Lupin coming on stream accounting for 50,000 oz of that total.
They emphasize that implementation of higher grade ore mining practices (both U/G & open pit) is highly leveraged to costs, and thus will significantly reduce per-oz costs.
A long life, cost effective 150,000+ oz mining operation will certainly draw attention from the Big Boys. If Elgin can show that they are on track to achieve their goals (and that's a BIG 'If') the company will be bought out sooner than later IMO..and at a substantially higher price I might add.
Comment by
Goldcross on Feb 20, 2014 1:15pm
This post has been removed in accordance with Community Policy
Comment by
Goldcross on Mar 05, 2014 1:39pm
This post has been removed in accordance with Community Policy