Our mining team has advanced our monetization plans for the northern part of the district, primarily our Storey County mineral estate, including the northern targets that are currently under lease, where we are experiencing current revenues and the possibility of even higher cash flows from expanding those transactions, again, just in the northern part of the district. More excitingly, internally, our mining teams have advanced our internal economic feasibility assessment for the southern part of the district during just the past few months. We’ve updated our mine plan for the Dayton Resource using current pricing assumptions. You should be thinking $2,300 gold, not $1,800 gold, $27 silver. Our published technical reports use a cutoff that was actually equal to gold prices of $1,800, where gold prices have now increased by $500 since then alone.
So our internal assessments are showing nearly a doubling of value of the Dayton Resource, both on a net cash flow and a net present value basis from our analysis just over a year and a half ago. We’ve also advanced Dayton’s expansion plan as we build a new model together with GenMat’s geophysics team and prepare a new geologic baseline for the full imaging scans by GENMAT-1 of our districts, which we should be in a position to commence shortly. So, we build a base, we’ve expanded the base and then we’re going to add that data to the base to ultimately come up with a whole new predictive ability to expand our mineral resources. So, in 2024, we’re still looking to receive cash proceeds now well above $2 million that we originally predicted for the mineral leases in the northern part of the district and potentially entering into additional sales agreements, as I just mentioned, while we develop this Dayton Resource and expand the mine plan ultimately for production.
Turning to fuels, which, by the way, has been keeping us by far the busiest of all of our businesses. As most of you know, last year, we validated industry-leading yields exceeding 100 gallons per dry tonne of wood, and we confirmed extremely low carbon intensity scores from our solution. We’re now engaged across the industry for both commercial adoption and monetization. We’re advancing multiple client discussions for monetization and deployment of our technology and very much expect multiple commercial agreements this year. We’re in active and advancing conversations in the United States, in South America, in Europe and now even in Asia. We expect multiple commercial adoptions with industry leaders this year. I know this is what people are very interested in and waiting for and I’m confident as our teams convey offers to our partners that will not only validate our leading technology, but also unlock tremendous value for Comstock.
And let’s talk about that for a minute. Everyone’s very, very focused on the first revenue. The assumption being revenue will cover our costs. The assumption being revenues will minimize dilution. That’s all good, but we’re receiving and entertaining strategic interest by various partners for investing directly into Comstock Fuels, the subsidiary, and accelerating our deployments with these partners. This will have tremendous impact on our liquidity, on this notion of dilution, or rather accretion of value in exceptionally positive ways. These impacts will certainly be faster than when our technology starts pouring its first gallons, which will also be huge, but later than the monetization that I’m talking about and that we expect to consummate this year.
This is all consistent with what we’ve been saying about commercialization and monetization with early adopting partners. We’re just getting very, very close and it’s all coming together. Let me conclude with Metals. Last and certainly not least, where we crossed the finish line with a successful commissioning of our first zero landfill solar panel recycling business. And it’s now producing three distinct, fully renewable and saleable products from those end-of-life panels. We had a little excitement last week with our senior senator from Nevada, Senator Catherine Cortez Masto visiting and touring our new facility. And to be crystal clear, we’re now receiving panels, processing panels, and effective this week, recording revenue on the completion of processing those panels.
I mean, just in this quarter alone, we secured all the required operating permits and commenced production. We secured revenue generating contracts and began receiving large quantities of end-of-life panels. We commissioned and successfully tested every stage of production, producing 100% saleable materials from those materials that were coming in. We collected cash payments on receivables for substantially all of the panels that have been received to date. Remember, this is a tipping fee model. We get paid upfront and we’ve now selected the site in Silver Springs, the same site, the same complex for our industry scale production facility that’s going to represent up to 100,000 tons of annual production. And that’s not all we’ve prepared and already submitted permits for the first expanded industry scale storage site, and we’ve expanded our revenue generating contracts into California, into Arizona, into Texas, where we’re getting tremendous interest.
Our metals team really rocked at this quarter, and I’m going to let Billy now take you into a deeper dive of our plans there, including what I feel is just a remarkable economic profile that we feel really, really good about executing on. Billy?
William McCarthy: Thanks, Corrado. It’s very true. Our metals team has been quite busy this past quarter and it’s not going to slow down. So I’m going to share some slides and talk a bit today about where the business is going to go from here, and I’m going to provide some more precise forecasts for this business. Before we dive into that, though, I want to take a minute and talk – go back and talk about how we got here in this space of electrification product recycling. In 2021, Comstock acquired LINICO, which was a development stage lithium battery recycling company. And there’s some pictures here on the screen. That’s me at the 2022 Annual Meeting showing off our pilot system. And we showed a video of the system in operation recycling batteries and producing black mass.
Now, in early 2022, battery metal commodity prices were at all-time highs. The market was really frothy and we were doing what we like to do, which is to try to de risk our process by looking for partners that could enhance our capabilities and de risk our plans. As Corrado and I made the rounds with our competitors, we’re sitting in the conference room of one of them in early 2022, and they were bragging about their market leading economics in their battery recycling process. Corrado and I looked at each other. I had to bite my tongue because they showed us a model that was based on expectations of commodity prices at all-time highs going up perpetually for decades to come. Now, you probably know the story and how it actually played out.
