If the second half of December is anything to go by, you too are underestimating :)
date tons milled oz prod gram prod end grade g/t 12/12/2009 13174 12326 349442.1 26.52513284 31/12/2009 15632 19970 566149.5 36.21734263 difference 2458 7644 216707.4 88.16411717
their plant has a capacity of 15kt per month. assuming that the ore going through from 12/12 to 31/12 is maintained at upwards of 88g/t; then they could be producing as much as 46,500oz per month. With estimated operating costs near $300/oz, based on their cash held statements they've expensed a grand total of ~$550 per oz produced so far... aaahhh... I'm gonna stop now... just too happy.
RMS Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
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