They will be increasing the output of their mill to 4000tpd by Q3 or Q4 I believe. I expect them to produce around 150k oz in 2011 and 200k by 2012. They will be mining the high grade Dioulafoundou zone and that should bring their cash cost down considerably. This or next week we should get July production numbers + Q2 results by thursday Aug. 26
As of today our market cap is $185mil, 420mil outstanding shares, 3.65mil oz au reserves and growing. If you can find another 80,000oz au annual producer going to 150k oz next year with $185mil market cap please let me know :) Trading at infrastructure cost and below the .60 bought deal price. Canaccord $1.30 target price.
Interesting update here:
http://www.ob-research.com/sites/default/files/Company_Updates_Aug_3_2010.pdf