Mark, my only concern is that the announcement is unclear about the tonnes. i.e. If they have produced a further 1700 ounces in Sept, is that from the 10,600 tonnes, or on top of that...? hmm.
If the numbers are as you say, then ABU is indeed doing well, especially considering the current grade and issues that come from commissioning (although the issue is mainly digging up the dirt fast enough). If as the company expects they grade increases to above 10g/t, then $8-10 million in profit per quarter should be achievable.
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- Ann: Operational Update from the Old Pirate Gold Mine
Ann: Operational Update from the Old Pirate Gold Mine, page-77
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