Up again on volume. Sure might just be following gold sector but I'm ok with that.
With CDN around 0.90 that makes Gold over $1400 oz CDN.
Lets do some quick math. Keep in mind this is quick and dirty and bound to be flawed.
Expenses seem to average about 35 M a quarter
That means they need about 25 000 oz @ $1400 to break even.
They run about 150 000 tonnes per quarter in mill.
So they need about an average head grade of 6 gpt.
Long story short their goal can't be 5 gpt but at least 6.
Hopefully they can find a way to get there.