Currently producing at 1000 ounces per month and 6 weeks away from ramping up to 2000 ounces per month.
They should have about 3500 ounces ready to be sold any time now as they have been waiting on processing due to a mercury issue that is being resolved.
They also have a toll treatment MOU for what could be another 25k ounces per year on top of the current 24k ounces per year.
Gold is low grade but it's a simple heap leach operation which is very cheap to operate. There are also silver credits for Dalabai.
We won't know costs per ounce until they hit nameplate around the start of October but IMO things are looking good.
Management have just moved the office to Dalabai to save the company $10m over 4 years.
Do the maths on that many ouces a year even at a very conservative cost per ounce of $1000, compare it to the tiny market cap and you'll see there is significant upside.
IMO this stock is the best leverage to a rising gold price as far as multi bagging goes on the ASX.
