Per MJK, within a year they will have heap-leach pads in place processing 740,000 tons every 65 days -70 days. Should be doing around 4 million tons per year which yields around 35,000 ounces per year. There's no reason they can't increase that 5 fold to 20 million tons per year or 175,000 ounces per year. Will it happen tomorrow. No way. Will it happen within two year. Why not. Once PDI is up and running, aggregate disposal won't be such a big problem. Is this pie-in-the-sky? Pipe dream? Could be. It could be that because the Inmet deal was delayed for so long PTQs production expansion plans were also delayed because it would be too costly to move the aggregate twice on its way to PDI projects. Management projected production and EPS based on Inmet and looked naive when the numbers weren't met. The set back in production was around a year. I don't see anything slowing expansion down now that Inmet will start operations. I believe the company can obtain necessary financing to grow. Is there something that you see that could slow the forecasted growth in production? Things can always go wrong. The price of gold could drop or the political situation could change but I think the risk/reward ratio makes current SP a steal.
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