stockman,
I did some quick arithmetic. Assume that a 10,000 ton/day mill is built, and cash costs are $200/oz.. AT 50% capacity and working just over 300 days a year, at a retrieval rate of .25/ozs./ton, 400,000 would be produced. At a profit of $100/oz. that's $40,000,000/yr. At $50 it's 20mill etc.+. After mill financing, and the amalgamation of TYG/ORI, you will probably have close to 100,000,000 shares outstanding. I have not taken BYG's existing mill into account for cash flow. So unless gold really tanks, the outlook isn't that bad. At $0.50/share I think someone would go for it, if they have faith in management. The grades of ore they are discovering certainly make it possible, more tonnage would be icing on the cake. I hope they get those drills going again soon.
Sincerely,
Al Cern |
