Yeah ok, so it's a range say of 28 to 45 million but over 3 years, so say 15 mill a year worst case....
At mining 50,000 oz a year, at aisc 1000 oz total aisc is 50 million a year. Revenues at 1700 oz 50,000- 85 million... but have to give back 15 mill leaves 20 million a year...
Aisc of 1200 an oz leaves 10 million in the kitty
Aisc of 800 oz leaves 30 million in the kitty
Aisc of 1400 an oz would leave zero surplus
Remember thats 50 k oz a year or 4200 oz a month. If they can get to 5k month looking at 60 k oz a year... as k oz increase assuming same grades (which is a bad assumption) then free cash starts rising quickly.
If in March they do 1000 oz, 2000 April, 3000 May, 3300 June 3600 July 3900 Aug 4200 Sept 4500 Oct 4800 Nov 5100 dec... That's still a pretty aggressive ramp up....
Let's see what March figures are... they will be out real soon with hm3
If the 50,000 tonnes of tailings at 9 g/tonne... That could be roughly 14koz of the min 17000 oz for Cartesian...... I think the tailings are really going to help with this....
Esh, have you factored in the tailings?
OGX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
