"Any clue as to what total cash costs per oz are?"
Just pure logic - trucking costs must be much higher than the interest on the loans and operating costs of your own plant.
Otherwise it would not make any sense to go and build your own. Let us assume they want to use all 35 million ( unlikely) to build processing plant. I would say that a business loan would have pretty high interest, certainly at least 10%, let us say 12%.
That is 4.2 million.
Now, even if you own the plant, there will be running cost. I have no idea at all how much these could be so I will say about 12% again, another 4.2 mill.
Grand total 8.4 mil a year or 700k a months.
So it would not surprise me if the trucking and other expenses were about a million a month or roughly half of the $5.7 million.
2.5 or 3 mill or about a million a month with higher grade made possible with the new, more precise digger they bought, more if they truck more dirt they should be able to dig up with this new machinery, From memory they were targeting to truck 18,000 tons a month, that may not be that far away now.
So the profit could go to 1.4 or 1.8 mill a month depending on the grade.
Not bad for for the small cap company.
As somebody else said if they keep doing this consistently for month after month, marked is bound to notice and pay us a bit more attention.
"Any clue as to what total cash costs per oz are?"Just pure...
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