Re: News...perhaps pay equity with thier Canadian counterparts???
in response to
by
posted on
Feb 02, 2010 09:23PM
Twilight, while on the surface it may look two bit, however the reality is they have been producing huge amounts of oz's for the size of the operation.
This is one property that does have an enormous amount of potential for expansion, so many areas surrounding remain by and large untapped so to speak.
Here's a link to San Juan's NI 43-101 Project Economics of April 08
Check out the cash costs, sure be nice to have those cash costs at Lamaque. Also in the QR2 MD&A management layed out the need for a cash infusion for expansion, it was identified the dollar amount of 1.5 mill or so to get from 250 tpd to 400 tpd. which would give em 6000 to 6500 oz per quarter production, point is the needs been identified and at some point in the future expansion will happen at San Juan.
Century has had San Juan on 3 shift 24 hour rotation for some time now, well until today that is.