Inca One Gold (IO.V) has announced it has re-started the test milling at the Chala One processing facility in Peru. A first harvest should be completed by now and we are expecting Inca One to release its production results shortly.
More importantly, Inca One says the construction works to increase the throughput of the mill are ongoing. The installation of the first ball mill is almost completed, and Inca One still expects to have both ball mills up and running before the end of this year, which will be an important milestone as it will fourfold the daily throughput to 100 tonnes per day. All pieces of the Inca One puzzle are falling into place and 2015 will be a transformational year for the company. We will release an update report next week and a site visit report after visiting the processing plant in December.
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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.
