I reckon all is sweet aiken - plans approved to grow the tailings again through to 2021.
It almost sounds like they're spolit for choice...
Let's say they mill 37500t this quarter (capacity is 165ktpa or 4ok+ a quarter).
Let's say 5g/t, recoveries 91%.
About 5,500oz or $9.3m in revenue.
If they can get 6 g/t on the same tonnes, revenue rises to $11.2m.
Expenses?
If I was Twiggy, I'd roll the con note over.
The upside is very obvious!
$30m+ annual revenues....clearly cash flow positive....
What's the market cap?
Ann: Quarterly Activities and Cashflow Reports, page-3
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