Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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have a nice weekend and GL for next week update.
Here's hoping for good news in next week's EOM report with a wee top-up.
GLA, R.
My one and a half eyes don't encourage me to use figures in the documentary. Rather those from the company website data suggest that achieving phase 1 annual production of 9910oz Au (825oz/month) @ say £1300/oz Au and overall costs of~£570/oz, should give a monthly income of just over £1m of which ~600K should be pre-tax profit. It will be interesting to see how near we get to that at the month end. If we can hit it and maintain it, then bonfire night repay day to directors +1 will be a doddle!
GLA, R.
£750k = 577 troy ozs. at present gold price. 577 x 31.1 = 17945 gms divided by 14 = 1282 tonnes/ week. =5520 tonnes per calendar month. So the 2022 figure is including phase 2 tonnage.
The numbers and weights must be getting to me.
£750,000 per week (not £175,000 as my post below).
That's me done for today!
Quite right - it was ton and tonne that made me think plus the mention of (presumably troy rather than avoirdupois) ounces
:-)
£175,000 per week though - definitely nothing to do with weight. How close are we to that now?
It's still very quiet around here though, eh?
'estimating more than 14 grammes a tonne. Are the figures metric??''Grammes and tonnes certainly sounds metric to me.
Last night's broadcast can be seen here. Some amazing figures quoted towards the end such three quarters of a million pounds' worth of gold every week in 2022, 175,000 ounces of gold and one miner estimating more than 14 grammes a tonne. Are the figures metric??
https://vimeo.com/539628792