OGX 0.00% 0.3¢ orinoco gold limited

ATM, page-101

  1. 1,802 Posts.
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    I must be missing something ECH

    "One year after NST acquired their share in the Kundana EKJV mines (in Jan 2014) the head grade was running at 11.32g/t with 98% recovery and a quarterly gold production of 29,566 (NST's 51% share that's equal to 19710,oz per month, almost 4 x OGX's current upper target)

    29,566 per quarter is 9,855 per month and 51% is ~5,000 a month for NST,, right ?

    I look at Cascavel as a mine being built in reverse, most mines drill, JORC then finance and build the mine to a set plan, we have to go the other way, mine first to prove, hopefully prove, up the gold and grade. The equipment being used is small for sure but will do what is needed for now. Mining rate and recovery can be sorted later as they are simply a matter of engineering, what can not be sorted is the gold, if it is not there then it never will be.
 
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