Re: Give PQ.....
in response to
by
posted on
Apr 18, 2013 10:41AM
(Edit this Message from the "Fast Facts" Section)
"Why should we expect anything to happen in the next 2 weeks?"
Something that could easily happen is an announcement of shipments. The new flotation circuit is processing the ore that has already been milled. If that is running anywhere near the 10 tons/hour and 90% efficiency that has been touted, they could be in good shape. Even at only 100 tons/day (instead of 240 tons/day), that's 100t x 4 g/t x 30 days x 0.9 efficiency = 10,800 g/month. Divide by 31 g/oz, and you get ~350 oz/month. That's $500k/month. At 200 t/day, that's $1M/month. Either amount is more than enough to run the mill and fund some work in the Sinker. If they can get out new ore from the Sinker, hopefully getting out 1000 tons of new ore at > 3 oz/t, or >3000 oz, that's $5M that they should be able to process in a month.
The critical part here is to get crunching on the milled ore they have in the yard. Once they announce news that that has happened and regular shipments are being made (not will be made in the future) and a steady stream of significant revenue is coming in, then they should be in the clear.