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Predictions, Figures & Chances of Surviving, page-14

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BondJamesBond

284 Posts.

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10/11/18

10:14

Post #: 36456640
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Originally posted by DiamondJoe: ↑

Actually I don't mind Option 2, as ridiculous as it sounds - that would be a continuum of what they discovered with the tiny hammer mills in Dec/Jan- they were a success where HM3 has failed.

What we know now is that management have the hammer mills 1&2 (200kg and 400kg per hr) operating on 3 shifts per day, 5 days per week. These mills are inexpensive to maintain and will most likely be returning an ounce to the tonne of Mestre ore.

Along with the optimised plant (now operating on two shifts) running mixed grade and tails for whatever they can get at 15tph I think the small mills will show their worth especially if they fork out for another 2-3 hammer mills for the richest ore. That should be easy to separate out at the rom pad as the gold is visible in the ore.

By the way a month ago I asked JG how the 10 tonne sample for the CIL test was selected and he said it was straight off the rom pad, not cherry picked. The new area of Mestre 6 averaging 300+gpt is also being CIL tested - watch and wait lads n ladies This show ain't over yet!

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Forking out for another 2-3 HM1/ HM2's just isn't going to cut it. If they went with that option then they would need around 50 to over compensate & allow for breakdowns and create a substantial throughput.
Not sure why they didn't do this straight after getting good results in Dec/ Jan.
They are suppose to be cheap aren't they?

OGX Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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Predictions, Figures & Chances of Surviving, page-14

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