Radio Hill plant has a name plate throughput of 70 to 100 tph lets say for fun that it achieves 50 tph, operates 8 hours a day and 20 days per month, or a total of 8000 tons per month.
These seem to encompass reasonable operating parameters for a start up operation. Artemis stated that cost of operation with be $20 to $25 tph. If we use 9 gr/ton a figure derived from Novo and $1200/oz gold we can see all of a sudden Artemis will be netting $322/ton or $2.5 million net income per month.
Anyone care to indulge in what Artemis will do with this windfall? How will it affect the relationship with Novo? Will then go crazy and try to do too much with too many different projects? Will they parlay this nest egg into a full sized plant?
ARV Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
