The 2 time lines are based on near term start for high value mostly based on a partner cash input we know was rejected due to too little for Mexus holders but still SOMETHING must be above current 4 cents . That plan starts placer now in June making 1837 oz total by Jan. Milling begins August making 6,819 Au oz and 39,778 Ag. NO heap leach at all until after June 2105 with initial 15K tons ( 500 day) working up to Dec at 5,166 day ( 155,000 in Dec). Using $1300 and $20 2014 revenue $10,164,700 gold and $795,560 silver little over $12 million or .046 each of 258.6 mil shares. Can BUY it for .04 today. Makes a PE of under ONE! I’d expect a 1,000% gain those annual figures with PE 10 or .46 for a base.
Lower value chart seems current go alone and slow no real cash influx. Placer begins August with low 3,100 tons up to 9,300 by Dec . Mill operates in Oct from 1,550 tons to Dec 2,375. No heap until Sept 2015 with 15,000 tons. Totals figures seem to make no sense listing placer grade in oz and recover in grams , 30 times less. Placer grade is way off using .40 oz when .042 oz seems right like the High chart value. Works out to milling gold $3,367,000, silver $335,937 and placer $1,506,960 total $5,209,897. 2 cents a share revenue. PE now of 2 and new base of .20 with PE 10. Even there PPS .04 just silly. Split difference and has to work to a 33 cent share right now with a partner or go alone slower. 8
Hi Eight. You mentioned the possibility of a go alone for Paul, assuming the unlikely event that he does not get a satisfactory offer from the remaining parties. Do you know if the current activities at the Rancho are setting up for this possibility? Thanks!
Low chart corrected for dumb stuff seems the path being taken. No change but time. That’s Placer ASAP, mill operating next and ALWAYS was no leach considered until built out next year. Really not much time lost at all that’s the case. NEEDS money but can do it on the shoestring. $1300+ POG will hep! 4 oz/100 ton placer day meets payroll, by Dec 300 tons 12 oz/day gets to some build out profit. Running mill gets things moving along
Been so long off RB now some have almost stopped cursing me. SOME. Silent near son Dax says it well. “Any you’se been there?” Only 6 I know shared the drive. Pretty telling figure blowing noise considered. Wanna know the PPS reason? Ignorant leading the dumb! 3 blind men and the elephant. Wall, tree, snake. None and all. Need to see it to believe. 8
Thanks Eight, appreciate the feedback. I knew Paul did have a Plan B worked out, just was curious if he was currently moving forward at the Rancho since the negotiations are taking a little longer than expected.
His rejection meant rejection. Sure he knows redemption is turn out metal and have other shareholders involved blow stack at woulda coulda story all out in due time. Meantime back at the Ranch still just June. Half ’14 to go. 8