Run rate mill expenses is not the major cost
So I laugh when mill run rate is the only item for discussion. It is a small part of the equation. I will state it is not the major cost center at this point in time for a continuing mining company.
The other major costs are ore recovery costs (overburden and road building, equipment), processing fees, environmental restoration costs, lease holder servicing costs, and lien holder debt servicing costs to name a few others.
Each must be calculated into the P&L ....to see if there is a profit.....or a loss at the end of the day.
While I believe that the revenue projections are obtainable it is the costs that I believe are significantly higher for the finished product than is known to only a few select insiders....I am not one of them.
So I am a little skeptical that this company will wildly exceed the industry standards for profitability on a per pound of raw ore basis based on their slip shod style of management that keeps wasting money.