i read this a little differently. tl suggests that $250,000 to $300,000 free cash-flow could be achieved by producing 5 to 6oz per day.
the two variables are tonnes milled and grade.
if one assumes 50t/d then grade would only need to be 3.4 g/t
i guess it's easy enough to play around-- what if they source material at 7 g/t , then only half as much through-put would be required that day.
we all know that the edie creek system is unashamedly rich.. plenty of articles sourced by @specgoldbug and production last half year averaged 16.2 g/t
it just goes to show the operational leverage that NIU have should they get their shiit together.
plenty of long suffering holders here whom I'm sure would take some solid consecutive months of production which on these numbers would see around $1,000,000 (one million bucks) in free cash generated in as little as 3 or 4 months.
SP clearly can't stay anywhere near here if that comes to pass...
just my cals.. my opinion..
NIU Price at posting:
0.3¢ Sentiment: None Disclosure: Held
