AYN 0.00% 0.1¢ alcyone resources ltd

parabolic, page-35

  1. 28,822 Posts.
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    If you go back and check the announcements, you'll find that in the June qrtly they state that 2,500 to 3,000 oz per day is being achieved, which is a good start to reaching commercial production. That is the equivalent of between 912,500 oz/yr and 1,095,000 oz per year, and is not commercial. In their 2nd October 2012 presentation they are targeting 1m to 1.2m oz for the 2013 financial year. So their bottom end forecast - and they have never achieved a bottom end forecast yet - is non-commercial. Maybe the top end is. Time will tell.

    By now, with silver on the way up, perhaps even 1m oz is commercial.
 
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