Speculation on mill production values is an interesting process, if nothing else. I thought I would give it a whirl. Start with some basic assumptions, which of course will never be spot on.
The time: the beginning of 2011, by which mill tweaking will be over, higher quality ore will be processed, and enough cash will have been produced to pay off some debt and to make payment for all future materials and services in cash rather than stock.
Assumptions, which in the aggregate appear to be conservative:
1. 150 TPD ore processed by the mill
2. precious metal concentrate produced will yield 2 oz of gold equivalent per ton of ore processed
3. All costs of mill operation, debt service, payment for materials and services, payment for smelting, payments to GHDC, etc. will equal 50% of the smelted pm value
4. Spot gold price will average $1400/oz
Therefore: 150TPD x 2 oz x $1400 = $420,000 gross profit per day, $210,000 net profit per day.
Enjoy yourselves, adjust these guestimate figures any way that pleases you.
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