As far as "the plan" goes, we were told in this announcement that
"A $5 million investment programme will begin at Cascavel to target a monthly production of 5,000 ounces by year end"
That is about 59% of the actual money that was raised.
We also had this quote from the video.
Quotes JG
"production starts next week ....
could be anywhere between a thousand upwards of ounces per month um really we just start with a low number to begin with... my cash cost should be somewhere between A$500 and $600 per ounce"
AISC is all that counts and with a low number it will be high but I don't expect to see an AISC figure out of this company. They can't even tell us if their exploration JV is on or off. Now that they have "a few million" for exploration, $8.5 million - (the $5 million above) - administration expenses, they need to come clean as to where the exploration JV stands. It's unacceptable not to know.
They are going to strip this mine of the easy high grade ozs to get the $46.2 million Gold stream loan paid. I've been in this company since 2016 but this whole story has been going since about 2014, that's plenty enough time to refurbish a low tonnage mine like this and start making money.Esh
