Post by nozzpackon Sep 30, 2024 11:40am

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Post# 36246877
Q4 …..Finally
Q4 …..FinallyAlmost everything is close to bench mark forecast with grades above, recovery at 82% versus 87% expected, updated / replaced/ modified processing lines moving very close to full capacity , the Breakeven at $1175 almost spot of forecast of $1115 US and gold production at 12,000 ounces versus about 14,000 ounces expected.
We sold just 10,000 ounces so the pace of concentrate sales needs a little adjustment relative to production
Free cash flow in Q4 was $7 million cad or about $28 million cad per year annualized.
Thats about 8.0 cents per share.
Peer trading multiple for juniors is about 7.5 times free cash flow which converts to a target in excess of $0.50 per share .
Its been a long wait but we are finally hitting close to full stride of over 55,000 ounces per year with no debt and a growing cash balance .
Q4 annualized was close to $100 million cad in annual revenues on 10,000 ounces of sales heading for $175 million cad in this current fiscal year.
And we have those very valuable Mur hison assets for possible Spinout..
GLTA