May. 15 at 11:58 PM
$GSVRF in Q425, they produced 300k Ag and 2.1k Au. Compared with previous year we can see a significant drop in production. Essentially a quarter. Which is massive red flag.
Bolanitos average for past six years is 515k Ag and 21.5k Au. So in Q1, the should produce 430k Ag and 7.5k Ag. Industry standard silver price in Q1 seems to be
$85 and gold
$4500. So we should expect 36.5M + 33.75M. But they repaid part of that gold loan with 1580 ounces, so that should translate into
$26.65M, so in total around
$63M.
unfortunately grok projects that with these sales, their ebitda would be around 13M and net profit of little over 6M per quarter, giving us 252M marketcap or more optimistic one at 400M, which is where we're at right now.
not sure what to make of it.