mmmmm11 May 2016 17:32
The leader board brought this to my attention, and I must say it looks interesting!
Q1 2016 produced 13,383oz of Au @ USD$1,184 (that is USD$15,845,472m in revenue just from Au alone forgetting Silver and Cu). If their aspirations of between 73,000 and 77,000oz of Au are to be met over 2016 then on average Q2, Q3 and Q4 2016 would have to average something like 20,000 Oz per Quarter. Even at an average weighted Au Price in Q2 2016 of USD$1,250 (maybe conservative) at 20,000Oz that is USD$25,000,000m in revenue in Q2 2016 (a jump of USD$9,154,528m of revenue on the previous quarter).
Very interesting I must say on a £12m / USD$17m MCAP!!! Even with their USD447m debt pile accounted for. May have a nibble in the morning.
JD