mike29, I think we want the same thing here , its just that some like to hear a reasoned approach and others (whose posts I no longer see) , want only one result executed in a rose tinted way .Its so much calmer when people can reason without insult . I wish you well.
Jan has stated that profits will average out over a year, some months we will not achieve the estimated profits and other months we shall overachieve these profits to give an average of the figures he has stated.
Anyone and his dog realises that Chile is currently in the peak of Winter and receive's a lot of precipitation at this time, so expect these months to be the hardest months of production.
Please slow down with your deramping, your posts take a quarter of the effort my replies do. I wonder why that is.
If they are achieving maximum output of 10k tonne per month (which should be easy whilst cutting surface ore) they should be making between $700-$800k profit per month at a 60% margin using $1085 as the gold price.
This is using a gold eq grade of 4g per tonne and an 85% recovery to concentrate.
Anything less than $700-$800k means either the throughputs are down or the margin is less than Jan quoted.
I'm really hoping for some detail in the next Chepica update.
mike29 , I have listened to the interviews several times , he does state $750000 from June , and he does quote different figures along the way . I concur , we need the figures to be out in the open either way , and my view is that they should be released now to include the second quarter as it needs clarifying where we are now . All he needs to say is that , I will release quarter 2 figures on a certain date , but like I have said before , the RNSs are not specific enough and do not provide the clarity required , this leads to bad feeling and poor sentiment.
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