Hi all - well time is ticking and we will ultimately find out how we are tracking in a couple fo weeks or less-Lets recap from previous announcement from the company.
Based on what has been stated below if we can achieve this then shareprice should move up to around 11-12c initially.
Lets see what happens this week because im certain they have resolved operational design floors and returning to strong profit reporting- if we can go from 13 to 14 million in last quarter ended 30th June to 18 to 20 million for sept quarter we are on a bonanza win with same or lower opex costs around 8 million (all up) giving us 5-7 million EBIT for June quarter...good luck all- im looking for a move back over 9c this week....Also must comment on gold - looks like it could be turning with resistence around $1268 broken and now new support- however we are hedged above spot price so we should be all celebrating
FORECAST Q2 PRODUCTION FOR LAS LAGUNAS GOLD/SILVER PROJECT IN DOMINICAN REPUBLIC
PanTerra Gold Limited (ASX: PGI) (PanTerra Gold or the “Company”), advises that production for the current Quarter at its Las Lagunas project is on target to achieve US$13 to US$14 million of gold and silver shipments to refiners. Halfway through the Quarter, production valued at US$6.5 million has been, or is ready to be shipped.
The Company expects a stepped increase in production in the third Quarter after an upgrade next month of the agitators in the Albion oxidation tanks. The new, larger, agitators should significantly improve the efficiency of oxidation of the sulphide slurry, and as a consequence, recovery of gold and silver in the CIL circuit.
It is anticipated that revenue for Q3 will be in the order of US$18 to US$20 million followed by further increases in Q4 with continuing process optimisation. All up operating costs including financing costs, royalties and head office overheads attributable to the project are running in the US$7.5 to US$8.5 million range per Quarter.
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- looks like buying time again
looks like buying time again, page-93
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