If you believe MK they will be cash positive in production. This doesn't include other expenses such as admin, exploration, capital to get other mines up and running, etc.
When they started production- Forecast 10,000 ounces per month. They've been averaging 2,500 ounces per month.
On 18/12/07, the production forecast cash cost was for $916 in February- They should already be cash positive!!
On 18/12/07- Forecast cash cost per ounce was going to be $596 in March 2008. The lastest production forecast says cash cost will be just under $700 by December 2008..
The list of "forecasts" goes on....
Don't believe anything MK is telling you... He's been forecasting big things for a long while now and has not delivered on any of his so called forecasts or promises..
investor expectations, page-15
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