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Highbank Resources (TSXV:HBK,FWB:V7O) announced it is projecting an $11 million profit for the first year of production at its Swamp Point North project. The barge loading facility is expected to be operational within a couple of weeks and an inaugural ribbon cutting ceremony for the project is planned for early November.
According to the press release:
The SPN barge loading facility is expected to be fully operational in a couple weeks. Following the Thanksgiving weekend break the full crew of operators will be returning for work. The crew will continue preparatory work for installation of the crushing, screening and washing equipment for treating the 72 million ton aggregate deposit.
Victor Bryant, CEO of Highbank, said:
The company would like, at this time to provide forward guidance for the fiscal year 2015. The Company projects a pre-tax profit in its first year production at SPN of $11 million on projected gross revenues of $27 million.
Click here to read the Highbank Resources Ltd. (TSXV:HBK,FWB:V7O) press release
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