7 million banked market will be surprised , page-20

Hi loki01

If you go back through a few of my old posts you will see my comments relating to production.

Bottom line is the company has been relying on 3rd party toll treatment the whole time when they have been desperate to get their own mill. Toll treatment as it so often does always ends up in the advantage of the toll treater.

The company was only finally able to secure its own treatment plant in January which they are now going to commission with the funding recently secured.

That allows them to go to 18k ozs per annum fairly quickly at a cost of circa US$700.

Have a look at the latest company preso to see further. Their first milestone under the Silver Stream deal is based on 2 consecutive months of 1,000 ozs per month which they should achieve quickly. They will receive another US$1.4 mill on the back of that and the company tells me they should generate over half a mill in free cash per month at this level.

DYOR