having had Q1 relesed before Q4 it showes the improvement of thruput and optimization showing how it enhances the upside significantly!!
Q4/23 =
Total production amounted to 11,808 ounces of gold equivalent ("AuEq"), which was comprised of 3,155 ounces of gold, 155,763 ounces of silver, 2,730 tonnes of zinc, 671 tonnes of copper and 558 tonnes of lead.
Q1/24 = Q1 2024 production of 14,148 troy ounces (oz) of gold equivalent (AuEq) as its Tahuehueto gold and silver mine ramps up toward its 1,000-ton-per-day commercial production target and the optimization program rapidly progresses at Campo Morado.
42% increase in ore truput of mines and Campo is still only running at 1600tpd of the 2400tpd rate thats 2/3 capqcity in Q1
Talu was only running at 60% of design rate in Q1
so if they get both mills to design rates that will increase AU equivilant production to about 25000-28000 oz of AU equivilant. not taking into consideration any recovery rate increases and seperating the concentrates (wich they are working on)
also with the increase of POG/Copper/Zinc wich will start to show now in Q2 tis is truly the best value play in the industry!! IMO
so for this year on the low side we have
Q1 14000 AU
Q2 ? but assuming 17000AU
Q3 ? but assuming 22000AU
Q4 ? but assuming 25000AU
i think these are conservative figures
Total 78000AU at an average of $2200 per OZ = $171,600,000
holy cr.ap or market cap right now is $73,810,000 thats more than double our market cap right now on conservative figures
PS; and dont forget about this ,it hasent come up in a bit but emagin if this happen on top of whats going on and with POG the economics make evenj more sense the signing of a memorandum of understanding, dated August 1, 2023, to process the tailings at Luca’s 100% owned Campo Morado Mine in Guerrero State, Mexico (the “Project”).
The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado (“Campo”) tailings that are currently being stored in Campo’s original tailings storage facility. These tailings contain approximately 3,290,622 tonnes @ 1.32% Zn, 0.3%Cu, 0.49%Pb, 1.57g/t Au, and 94 g/t Ag (based on Luca’s internal estimate from historical production records).
EnviroGold and Luca will work together to develop a definitive processing agreement that will provide a stage-gated approach to the development of the Project. The Project will follow the standard approach with EnviroGold working with Luca to complete a preliminary economic assessment ("PEA").