Indeed it does look like a great turn-around. With a MC of just $30Mill now, and on track to gross over $50Mill PA for the next few years, that’s some solid returns. As you point out, costs are unclear but even if they blew out to $10Mill PA, there should be plenty to cover it. It’s processing costs and no mining, so your estimate seems fair.
After years watching the share price in slow decline, I’m very pleased to see this announcement. It’s very positive and most welcome.
Ann: Gold Deliveries Resume-On Track for Steady State Production, page-3
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