Hi karmalocust & braveheart,
Most of the vital info which will be in the Mar qtr statement has been already supplied to the market
(a) Production of gold to end of Feb = 25,568 ozs
(b) Production of gold to 31st Dec = 15,587 ozs
(c) Therefore production of gold Jan-Feb= 9,981 ozs
(d) Production of gold March = 7,614 ozs
(e) Therefore production of gold Mar qtr =17,595 ozs
March first month in full production was = 7,614 ozs
annualised(x12)=91,368 ozs
This meets IGR target of 90K ozs p/a
Suppose they sold their qtrs gold then that would be
about $24 mil of which $14.6 mil should be profit
If exploration etc has already been met by cap raise
Then cash in bank should be $13 mil @ 31 dec + $14.6 mil
= $5 mil to cash from cap raise totals:-
$32.6 mil cash.( guesstimate, could + or - 10%)
Surprises could be a further reduction in cost, more resource discoveries or higher production forecast.
What do you think?
Cheers Moorookamick
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