four independent mines , page-2

  1. 460 Posts.
    Answers to your questions

    1. By april next yr they will be mining from four different mines

    2. Yes, i think the next two quaterlies will be the key. At the moment have a rights issue overhang. Institution selling shares for a profit

    3. The more the company produces each month the less the production cost. At 140,000 ounces, i would say $800 would be easily achievable. So $400 an ounce profit at 140,0000 = 56m a yr. The qualifying statement is this will most likely be achieved after April, hence the share price. Still a lot of risk to get to that production

    Hope that helps
 
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