You're a frikkin idiot. You bring zero DD, stating that the plant is owned by someone else.
Here's some actual DD, that you idiots invariably fail to bring.
The processing plant land parcel, that includes a water concession, was purchased for $ 650,000 USD in late December 2022. The 4.94 hectare site is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. The Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill has been established.
The Company is expediting the construction of the new processing mill to be primarily utilized to process the stockpile ore, but AABB plans to also process ore from its other mining property interests that are economically located near the mill site. Additionally, a strategic mineral assay lab will be built on the facility site to reduce analysis costs and realize quicker mineral results reports, which will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
“The new plant site acquisition was the next key step now accomplished to allow for a very large capacity to increase our revenues and profits in 2023 and long-term with the new stockpile agreement. Our mining operations are now well on their way to realizing a much higher level, which will also open new doors of opportunity to the Company going forward. Management and our mining group are exhilarated to have significantly expanded upon our successes to date with this new processing deal,” stated Chris Torres, AABB President and CEO.
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