We'll have to see what pans out, for the moment we need to make sure everything is happening when it should, management delivering figures as per the RNS will improve confidence in the company and hopefully push it forward.
Both wrong. Seriously guys, read the RNS properly and try to understand it. It's important that you do. Most traders scan read RNS's at 07.00 and make a decision to trade or not by 08.00, you guys have had since Wednesday and still don't get it!
I'm not trying to insult anyone, that's really not my intention and I'm not the type of character to sit up and have BB slashing matches! It's just that this is now getting really weiry and it will confuse everyone else.!
Not got a potential value for Chepica yet. still crunching numbers but if someone already has them to hand that would be appreciated.
As i understand it we are waiting for a resource upgrade for Chepica as well as metallurgical test results to see if there is enough Zinc and Lead to make a concentrate which would be another potential revenue stream. The LOM could be extended which increases the value of the mine too.
From what i see it the problems underground are now fixed and its the machinery that needs to be brought up to scratch, i see that as a positive as not having gold in the ground as a much bigger problem to have!
so that would peg the sp based on 12,912,728,545 shares at 0.072 (cash alone based on the scenario you described)
So the bonus will be in the value assigned to Chepica, based on the RNS it'd pull in US$650,000 to US$850,000 per month on a forecasted cost structure of US$280,000 per month. Taking the net lower end ($370,000) that would leave us with �282,000 approx pcm and �3.384m per annum.
This is based on the assumption that the lower target is hit but even if it were half that so �1.692m per annum (I like to be pessimistic) then that would significantly bump the sp.
What do you think the value of Chepica would be then?
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