Capital Gold has a heap leach project in Sonora, Mexico. They stated producing Au and Ag in July. Listed on Nasdaq as CGLD and on the Toronto as CGC. They are predicting 50K oz/Au in their first year and about 35K oz/Ag.
They are scaling up with a new leach area and production equip., predicting 100K ozs Au in the second year with about the same in Ag.
I worked the #'s on this and think they will have bottom line of 6 to 8 cents for their first year.
They are 43-101 compliant and have just upgraded their resource calcs. There are some pics and a great video on their web-site:
www.capitalgoldcorp.com.
Stock just made a large % move and is now correcting.
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