70,000 is a good start. First month producing and we don't know if that was a full months production. Good to see them pumping out 200k a month from now on. I calculate a quick cost per ounce of silver pulled out of the ground at about $1.30 per ounce, so should be plenty of margin going forward.
Grade is higher than budgeted and costs are lower than budgeted.
Lets hope they can ramp up to the 200k a month by May I'd say. 120k to 150k in April should mean were on track. If we hit 200k around May, we're off to the races.
70,000 is a good start. First month producing and we don't know...
Add to My Watchlist
What is My Watchlist?