re: Ann: 6 Month Toll Milling Agreement with ... They have approx 17,000 ounces of gold in the dirt going to the A1 mill. If it is profitable at $1200 an ounce and with the gold price at approx $1700 then that gives a profit of approx $8.5m at least ($1700 - $1200 x 17,000 ounces). And then there is also the dirt going to the Nav mill + financing arrangements being made. This should all equate to plenty of cash to finish off the heap leach and refurbish the mill and then fingers crossed we are on our way to a 100,000 ounce pa gold producer !!
Just my thoughts...DYOR
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