So if all goes to plan (fingers crossed) should be processing 1MT pa starting from Q1 2021, with first gold pour in Q2 2021. So at the head grade of 6.6g/t, from 2021 onwards we should be producing approx 232,800 ounces of gold pa. If VEC's AISC is on the high side such that the margin is only say US$300/ounce, that's still a healthy US$69.84m/a profit and for every US$100 that they can reduce the AISC it adds an extra US$23.28m/a to the bottom line. Sounds like a reasonable prospect to me
VEC Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held