why $14m for the lot is no bargain, page-6

fitnfam

While you DO have a personal grudge against A1 and probably staff employed you also have a POOR UNDERSTANDING of economics. You could be JW's love child with that rant.

Try this hypothetical, using round numbers as much as possible.

Plant capacity per day - 1,000 t
Gold price $1,300/oz

If you can only feed wet supergene ore at 700t at 3.00g/t you have access to $87,771 of gold (no recovery applied)

If you blend that supergene with 200t at 1.00g/t material you have acess to $96,298 of gold (no recovery applied)

If by blending you manage to fill the plant with 800t at 3g/t and 200t of 1g/t you have access to $108,670 of gold.

So, stand corrected - BLENDING WORKS if there is capacity in the plant. It also ensures the fixed costs of the operation are spread over the max number of tonnes.

As far as using a bobcat to mine an orebody - layoff the illegal drugs, they are messing with your head. What is a bobcat going to load?? A 6 wheel truck?? You would then need to double the mythical 4g/t grade at Beta to make it pay a return.

The sorry story of the company and the mine is ALL due to previous MD. Poorly planned and Poorly executed pure and simple. You can not make a turd shine!!