Member Info for BushyTailed

Kor should do 30k at least in Q4. Full ramp up by mid September then 140k for first 2 years.

Even if have we another 6 million capex spend at yanfolila, as we did in Q1 on top of the 2.5m debt repayment..Even based on 25k, we'll still end up with 23m at the bank.

Ps HUM's Dore has been on average 97%. When you're looking at a 90 day average it doesn't move the needle as much as your complaining.

Essentially Yanfolila can afford 8m-10m of additional Kor spending before we'll miss my 20 mill guestimates and that's based on only 25k ounces.

You do realise that cash at end of Q1 was circa 13m right?

Lol Billy

Let's take your lower end of 22 and my 28k that's an average of 25k.

We know what the average gold has been for the period 1960 and we can GUESS that the AISC will be no bigger than 1250 on 25k, so we can safely calculate 25k X $710 for an EBITDA of 17.75m USD.

Debt repayment of 2.5 million a month starting end of June and with Kor pouring with 120k on the ROM pad from the 9th June we can also safely ascertain that Yani cash flows are not required for the ramp up process. EBITDA is also a lower factor than FCF so I don't believe for one second there are still money concerns to be had.

Not expecting fireworks yet but it's confluence of things to come, none the less.

That wasn't too hard was it, now do you really think anyone is going to hold you to that or be disappointed if you're 3k out??? Course not, stop being silly.

I think Yani will exceed 90k, I don't think the degradation of grade in advance to switch up to underground will impact until Q3.

Also on my radar is the slow start to the rainy season, both may and June recorded below average rainfall for the period, so we could be in for a short season or a delayed start. There has however been no weather interruptions thus far.

Guessing is the name of the game... If you don't know what the inflows are then how can calculate whether something is priced correctly or not...

Guessing income and cash is the very foundation of any DCF model.

You still actually haven't said anything Billy, how many ounces do you reckon are coming for Q2?

90 day rolling average gold price is currently 1956, Q2 on track to match Q1 so that roughly 850 dollars X 28,000 ounces.

Jammin,

It took Yanfolila just 10 weeks to ramp up to 95% of name plate capacity. I'm not entirely sure if yanfolila also had 120k on material on the ROM pad at the time of first pour and we have learned that Corrica are also a more efficient outfit too.

I would GUESS that anywhere between 25th August and the 9th September for Kor to be running at full speed.

"In the first 14 days of March, the plant operated at an average of 95% of design throughput and has consistently achieved a recovery rate of approximately 96%, which is in excess of design specification."

I think you've hit the nail on the head there miner. Considering he never likes to undertake an uneducated guess (his own admission), you do have to wonder why he's in the notorious dog that is Amur minerals.

Me thinks he's not very happy for one reason or another. I do hope he gets to speak to someone soon though.

By the 9th of June Kor already had 120k on the ROM pad (1 full month's worth at name plate) they did that from the 9th of May from first shovel strike.

If you have any idea what that means and that Yani has more than likely hit an 800 aisc margin, you'll see that 20 million cash at hand is a VERY VERY conservative GUESS.

Kor ramp up is being funded from Kor cash flow.

Pay attention Billy.

Just for Mr pedantry, 6 mill GBP/7.5 usd

so like i said, 6 million in june.

what's it like to chat ****, only to contradict yourself and agree with the first post you're arguing about.

you absolute clown lol

Let me know when you do Billy and I'll explain what figuratively means too ha ha ha.

Cash at hand circa 13 million at end of Q1...EBITDA margin of circa 37.5% on a 1200 aisc over 27,000 ounces needed to hit Kor debt payment and close out to hit 20 million cash at hand.

Not sure what you're thinking of Billy but maybe you'll you'll share with the rest of us eventually.

Lol indeed, well done..

Have you learned how VAT works yet? pmsl

Bore off Billy, you sad sack

You obviously can't handle your ale Billy. Embarrassing

Not unless you're on some kind of social spectrum disorder I guess.

But you're not being pedantic?

Ha ha ha shake your head you clown, you're embarrassing yourself

What time line you on about btw, you big spanner?