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Message: Re: PR and Dore Revenue and Share Buyback
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Mar 14, 2013 10:13AM
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Mar 14, 2013 09:17PM

Pic- I think the basic burn rate is more like $150-170k/month. In previous filings, running the mill was something like $150k/month. If they are only running the flotation unit (since the 30k tons is already milled), then mill costs might be reduced. Anything else (Sinker prep, drilling) will of course add to the total. But I also think you might be low on your estimates of production. If they are indeed doing 10t/hour, then that translates to 100s of oz of gold/month. If so, then that should pretty much cover expenses. And if they can process new ore that is anywhere over 1 oz/t (or maybe multiples of that), then they will be pretty much in the clear financially. Of course, the PR didn't say they were doing 10t, just that that was an optimum. Have to read between the lines...

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Mar 15, 2013 02:25PM
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