QTR 1 2019 Gold Production

So I have decided to have a look at some numbers based on some assumptions

Cost of mining - 1100-1150 USD per ounce (as per qtrly released on jan 31), target range is 800-1000
Average price of gold Jan to March - $1300 USD per ounce

If they can hit 1050 Cost price and selling for 1250-1300 per ounce

We are looking at $200 USD per ounce margin on this small operation which is on track to yield 2000 ounces this qtr (potentially up to 2400 as per target ranges specified in company releases)

This should yield $400,000 in cash inflows for the QTR or a run rate of 1,600,000 per year

If smaller mining permits are awarded and we expand to 2000 ounces per month, we are looking at 5,000,000 in cashflow per year

7-8 million MC - seems undervalued to me DYOR IMO

I am glad to keep adding at 0.008, easy 50% upside in next 3 months imo