X64 0.00% 57.0¢ ten sixty four limited

Ann: Quarterly Report June 2014, page-56

  1. 833 Posts.
    You are lucky then.. i didn't even get a reply. This was an email i sent last month.


    The company valuation of 325m is currently based on management forecast of 150,000 oz. At currently production rates, they can't even reach 20k ounces a quarter. This annualized is give or take 80k/year. The quarterly states their 2013-2014 production is below 60k ounces.

    They will probably downgrade their 2014-2015 production figure to 120k in the foreseeable future.
 
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