1.2m ounce gold resource in Kazahkstan plus silver credits
Low cost simple heap leach operation ramping up to 24k ounces per annum.
Toll treatment MOU in place with nearby mine to produce from other parts of the deposit potentially bringing annual production to circa 50k ounces
Currently producing 1000 ounces per month and just completed second heap leach pad way ahead of schedule and at nearly half the estimated cost to bring revenue from production to 2000 ounces per month in under 3 months.
Recently moved office to Kazahkstan to save the company $10m over 4 years.
Currently should have about $6m worth of gold in the process of being ummmm processed. There is a minor issue with mercury in the gold from an old heap leach from the previous miners but is a temporary problem and is in the process of building an in house method for dealing with it should it ever happen again.
Unknown cash costs until second pad is up and running but things are looking pretty good.
Massive exploration upside especially at Alyntas with best drill result of 176.3m @5.38g/t gold from 152m
The majority of the deposit however, is shallow, almost from surface.
