Re: Updates on Dynasty Metals and Mining
in response to
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Gold Production in Southern Ecuador
6 million oz Gold & 27 million oz Silver
Message: Re: Updates on Dynasty Metals and Mining
The company is expected to update their 43-101 compliant resource reports for all three of their projests in the nest few weeks, the prodcuing Zaruma Mine, the Dynasty Gold Fields project, and the Jerusalem project, which have a combined 6 million ounces of gold and 27 million ounces of silver.
Shares outstanding are still only 42,461,083.
No warrants outstanding, about 5 million options issued.
No debt other than the $1 million interest free promissory note held by the CEO.
There has been no dilution over the course of the past three years, the company has basically been self-financing, receiving all of its working capital from the sales of pre-production gold and silver, while the company was developing the underground infrastructure and making improvemants to the mill at Zaruma. Most of the gold and silver produced and sold was from non-resource material, so the company has really only started to remove ounces from their resource estimates in the past 6 months now.
Interesting analysis of near term production potential for Dynasty ...
http://www.stockhouse.com/companies/bullboard/t.dmm/dynasty-metals-mining-inc/3?postid=22430899
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Looking at some numbers provided by the company for Q1 production, and recalling that the company did not process any material for approximately the first three weeks of January .... I come up with the following...
16,898 tonnes processed / 90 days = 188 tpd
If the company didn't run the mill for the first three weeks (21 days) of January, then there were only 69 days worth of actual production, which would bring the average tonne per day up to ....
16,898 tonnes processed / 69 days = 245 tpd
If the company makes no significant progress in accessing new veins in Q2 ... all things being equal regarding grade and tonneage, we might expect the following as a low end figure for Q2 2014 and using an average of $1300/oz for price of gold
245tpd X 10.8gpt x 94.7% recovery rate / 31.1 gram/oz x 90 days = 7250 oz of gold X $1300 = $9,426,800 plus silver credits
If the company manages to return to Q4 2013 tpd averages we'd see ...
325tpd X 10.8gpt X94.7% recovery rate / 31.1 gram/oz X 90 days = 9620 oz of gold X $1300 = $12,504,967 plus silver credits
Going a bit higher, hopefully by Q3 maybe ... ??
400tpd X 10.8gpt X 94.7% recovery rate / 31.1 gram/oz X 90 days = 11,838 oz of gold X $1300
= $15,390,180 plus silver credits
Quite a big jump in revenues with each additional 75 tpd increase.
16,898 tonnes processed / 90 days = 188 tpd
If the company didn't run the mill for the first three weeks (21 days) of January, then there were only 69 days worth of actual production, which would bring the average tonne per day up to ....
16,898 tonnes processed / 69 days = 245 tpd
If the company makes no significant progress in accessing new veins in Q2 ... all things being equal regarding grade and tonneage, we might expect the following as a low end figure for Q2 2014 and using an average of $1300/oz for price of gold
245tpd X 10.8gpt x 94.7% recovery rate / 31.1 gram/oz x 90 days = 7250 oz of gold X $1300 = $9,426,800 plus silver credits
If the company manages to return to Q4 2013 tpd averages we'd see ...
325tpd X 10.8gpt X94.7% recovery rate / 31.1 gram/oz X 90 days = 9620 oz of gold X $1300 = $12,504,967 plus silver credits
Going a bit higher, hopefully by Q3 maybe ... ??
400tpd X 10.8gpt X 94.7% recovery rate / 31.1 gram/oz X 90 days = 11,838 oz of gold X $1300
= $15,390,180 plus silver credits
Quite a big jump in revenues with each additional 75 tpd increase.
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