Post by
BobMabena on Feb 21, 2020 5:45pm
500K ounces a year according to Young on BNN
Finally got an idea of what the new Senegal complex and Waghion will produce once things get going and it's around 500K ounces per year a lower cost given the Massawa grades.
I had conservative calculations of around 350-400K ounces at a $1500 GP and so at current GP and new production levels, this stock should take off.
It's a little annoying how they have 20K ounces of gold unsold, I brought the same issue up after the last quarterly report (12K then). Makes me wonder if we have some deliberate sandbagging going on or could it be some way to get around some of the complex derative BS.