gone, page-54

March qtr these guys trammed 88,581 tonnes or 29,527 per mth.

Now we are in halt because volume for June was 29000 tonnes vs target 47980.

Now this is my gripe with the management, does that mean they were achieving 47980 in April and May? Or is the 47980 target was just for June due to the addition of two loaders?

These guys are masking the truth because imo 4 stoppage days should not have impacted production by 40%.

Either way you would have expected at least 29000 tonnes for month as a minium as that is what they produced in the Mar Qtr.

Which means approx 7,400 ounces all things being equal.

In the Mar Qtrly they revealed 1583 tonnes being trammed during April (up the 26th) based on 23 days per month that equates to 36,400 tonnes for April, assume the same for May and wheels fell off in June for 29,000. So by my reckoning approx 100,000 tonnes should be the number for June Qtr.

Assume 3.6 head grade and 77% recovery then ounces should be approx 9950.

Imo anything below 9,000 ounces means we are being spun a massive smokescreen and the issues are far greater they management are prepared to reveal.