Again a positive update from Inca One Gold (IO.V) as the company announced the Chala One plant has been producing at a rate of in excess of 100 tonnes for 10 days in a 14 day timeframe. That’s an excellent accomplishment and confirms the Chala One plant has reached its full capacity before the end of the second quarter.
There obviously still are some days with a lower throughput due to maintenance on the mills or the supply chain, but reaching the design capacity during 10 out of 14 days is pretty good. The excellent operating performance should be visible in the financial statements of the 1st and 2nd quarter of Inca One’s financial year 2016 (which started on May 1st). All stars are aligning for Inca One, and we expect the company’s share price to be much higher by the end of this year once the market sees the company is free cash flow positive!
Disclosure: The author holds a long position in Inca One Gold. Inca One is a sponsor of the website. Please see our disclaimer for current positions.