Another positive development at the Inca One Gold (IO.V) camp, as the company has announced it has taken delivery of the second ball mill with a capacity of 50 tonnes per day ahead of schedule. The concrete pads whereon the ball mills have to be placed are now completed and the installation of the mills has begun. It is anticipated that the ball mills should be installed in November and the commissioning should be completed within weeks after the installation.
This is obviously excellent news for Inca One as it looks like the company will indeed reach its 100 tonnes per day throughput on time. The company’s guidance to have the facility fully commissioned by the end of this year seems to be a bit conservative, and we wouldn’t be surprised if the commercial production of gold at a throughput rate of 100 tonnes per day could start a bit earlier than that. The next two quarters will be game-changing for Inca One and the company’s market capitalization will very likely be much higher than the current C$9M when the expansion works will have been completed.
> Click here to read the press release
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.
