RE: Historic Use of the Mining Names Bonanza and Morocota29 Oct 2025 18:32
If they. manage to mine. 28tpd (as they said in the Dec 2024 update), with their estimated 8g per tonne, that would be 28 x 0.28oz = 7.84oz.
If they were to, extract 25,000 oz overall, that would take us up to 9 years. Again, ignorin any associated costs.
Best case secnario yearly figure: 7.84oz x 365 days x $4000 x 90% x 70% = $7.2m revenue (that's not profit for the cats at the back)
We have no idea on production costs, but cost of sales for the $44k sale last year was $216,701. They will need to significantly reduce cost of sales. Their losses, without any cost of sales, have been 2.2m (2024), 4.1m (2023).
If you quote figures, please provide more accuracy. It might help explain why the SP hasn't gone to boom town.
Ps. deliberate spelling mistakes for those imbeciles that think the above is GPT