JAL, READ THE POST AGAIN SLOWLY...
I said the "rate" of production will be 200,000 AuEq. by calendar 2015. That is 16,666 oz. AuEq. for January 2015. The numbers are all out in the public and you can do the calculation yourself. Only thing not "officially" available to you from the company, but posted by those who have seen the numbers, in the new LP 43-101, are the ore grades from Spain and Portugal. You already have the volume to be milled. You know the ore grades projected from Molejon from the Behre Dolbear 2010 Molejon Report and the I-Box. You know the amount of ore that will be shipped into Panama. Just do the calculation for yourself and tell me where you have a problem.
You know the capacity of the mill, the heap leach forecast production, the ore grades, the conversion to AuEq., the conversion of grams to ounces. We are not talking about share price or price of gold...just the RATE OF PRODUCTION IN JANUARY 2015.
Several other posters on this board have done the calculation and reached relatively the same number of ounces. Specifically they were: 16,970oz. 18,477oz. 21,911oz. 19,652oz., for January 2015.
I picked a rounded 200,000 oz. AuEq. rate that was on the low end even at that. Please do you own calculation and tell us where you think the numbers are wrong. I have no idea about the future price of gold or the share price at that time, but I have a good handle on the production. Profitability is another question, depending on the POG from $875.00 to $2,000.00/ounce, and of course the Share Price that you know can be irrational.
