I don't know if he is the same Parkin. I doubt it, he seems very busy with AURC on his plate.
He couldn't answer many of my questions with percentages or numbers for obvious reasons. He did say production costs were lower than $400 per ounce and sales were less than market rate. I figure it to be a wash since both are lower.
If you look at Buenaventura mining on Yahoo and research their income for 2002-3 you'll get some idea of income at $400 per ounce.
He couldn't tell me when equipment would be on site allowing the target production of 350,000 plus ounces per year. He did think my two year projection to achieve it, probably a bit long.
He appears to be a very thoughtful, rational fellow that takes time to answer questions accurately. He also seems very confident in the future of his and our company.
Based on a simple conversation, I feel comfortable with him at the helm. I also feel comfortable with the net figure of around $70 mil in income at full production. Now, the question is, how diluted will that figure be? This will be an interesting play.
In my humble opinion,
Airedale
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