We havn't "moved away from Way Linggo as a the major producer".
Backfilling in now happening to accommodate pillar recovery which is
normal and once "development of 4 new levels" are complete, the mine
will be back to full production of about 10K ozs gold equivalent per Qtr.
Please note that Way Linggo has still got a measured resource of 193K ozs of gold equivalent at very high grades-(14.45 g/t AU & 174.84 g/t AG) with
more drilling to come and further development on the site to come with the diversion of the river.
IMO,this Way Linggo work was planned to coincide with Talang Santo comming
into production late Sept but unfortunately the fatality has delayed that
until at least late Nov according to the ann.
The crushing/grinding/processing plant has a capacity of 600 tons/hour.
The June quarter saw a plant throughput of 253 tons/hr to produce 10K ozs Au equivalent.
Once Telang Santo comes on line it will produce at least 250/tons/hr throughput
and all other things being equal , this will be an extra 5500 ozs Au per qtr.
(grade 6.19 G/T AU) or a total of 60K ozs gold equivalent p/a for both mines.
Professional valuations forecast considerably less that that but IMO this the optimum.
It looks like the accident will delay the opening of Telang Santo by nearly 3 months but IMO once both mines get up to speed we'll see serious cash hit the till
Even 50K ozs gold equivalent with a margin of $1200 after tax is a whopping
$60 million profit or about 20c eps and with a modest P/E of 8 that's $1.60
per share.
They say that grade is everything. Just compare Way Linggo's grade 14.45 g/t
Au & 174.84 g/t Ag (thats a gold equivalent of 17.81 g/t) with other UG Aussie miners and then compare costs.
With kind regards
Moorookamick
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