Re: Revenue
in response to
by
posted on
Feb 06, 2013 03:21PM
Welcome to the UC forum Warrantless, I do not recall seeing you here before; you are in the company of the most resilient group of retail investors you could imagine.
Your numbers are different than my guestimations so I open the floodgates to controversy and discussion.
I suspect that the mill is currently processing about 100 Te/day on a 24x7 basis and recovering about $10.5K = $300K/month. We may soon see production jump to about 150 Te/day which would take us to $15K a day or $425K a month. I hope to see this reported on or about the end of February as this fact will place us in a profitable position and we could report sustainable production. Hopefully our profits will also be reinforced by cost control and purchasing dicipline.
I am uncertain about our cash on hand, but suspect that it is less than $4KK including the $1.5KK SLV investment.
Aafab