As I have staed previously, I see the following financial figures in the next quarterly report. If the figures aren't anywhere near as close as this then there must be something seriously wrong with the Co and production:
As they said in last report they expect to mine at least 6,400 oz from Eng' Project and another 1,400 oz from Torr' Project = Total 8,200 ozs of gold to be produced.
Therefore, total of 8,200 ozs of gold x spot Gold Price of say $1,290 = $10,578,000.00
Then say production Cash costs as Co puts it of say about $800/oz Then 8,200 ozs x $800 = $6,560,000.00
Thus total Gold value of $10,578,000.00 less Costs of production of $6,560,000.00 = $ 4,018,000.00 NET PROFI(before Tax).
YES THATS BUY MY FIGURES a $4 MILLION DOLLARS (Before Tax profit)
NOW lets just wait and see what the Co comes up with........or will we see more excuses that costs are up again and /or production level wasn't reached because grades were once again lower than expected.
MUN Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
