Its my understanding that they are!! Big time....Mother lode?? Maybe...but I like the sound of that!!
You probably already know this but the company breakeven is .80 - $1 for copper NOT counting the credits for other metals. Also, I think they will increase production up to 5-6K ore tons per day (from 2400 - 4000 projected) by taking the dust created from the rock crushers and sending that through the floatation without the need for the ball mill process. Either way, profits are to be had and the ecomomic slowdown will pass in the next year or so and then its back to higher profit margins.
Look, I will be realistic with the changes that have occured since July, but we could still see a stretch goal of $25m - $75m+ profit next year....if??? (and we still have several if's to overcome.)
BTW, the price of copper doesn't affect how much gold we are extracting. Its not a function of price...
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