With the current Gold price the expected margins are around $800NPAT per ounce. We should have 1mil+ ounces. Nice asset for $12mil company!!!.
Marsi
I believe the difference now for a likely turnaround is that Patto's have put a director in to sort this company out. He has a reasonable holding himself and does not recieve any wages which is a strong incentive to improve the shareprice and alligns him with other holders. It would appear a couple of directors have fallen on their swords. All other assets are in the process of being sold off and reserves are being aggressively proved up. I cant help but wonder whether the company may be getting set up to sell Amayapampa. It would make sense as it would be a way to secure the highest shareprice for Patto's investors....
Cheers
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