OGX 0.00% 0.3¢ orinoco gold limited

Fundamentals, page-285

  1. 3,043 Posts.
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    Yes Jim, the CIL tests will be welcome, but they note in the recent quarterly they will still achieve their milestones of 1000-1500oz per month with the current plant. Now when they wrote that up they would have been well aware of recovery, both in the development ore, the tails and the high grade. HM2 returned 26gpt from a 4 tonne run back in March at 83%. HM3 should be of similar recovery, not dramatically lower to the tune of 50-60%.

    IF production is in fact terrible, then perhaps they should look to conserve cash, close the mills. Take the pain and put everything into a future CIL plant.
 
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