The ES numbers tell us that it costs $20k a day to maintain the plant and an additional $80K a day to operate it.
If they are revenue positive operating the plant 50 % of the time while only processing at 29% of capacity they will be getting further ahead to the tune of $33.6k /day. $1m/month when they get the plant operating at capacity.
All the more reason to drop the cut off grade to process as much profitable ore as possible while ramping up to full production processing high grades.
HGO Price at posting:
6.8¢ Sentiment: None Disclosure: Held
