Here’s a little calc that should be of interest:
I have averaged the headgrades and also averaged the recovery rates for March and June and used the targeted throughput of 195,000t (which was exceeded in March) to project a possible outcome for the next quarter. Also raised the POG to $1,300 & POS to $20 :
Au: 195,000t x 4.04/31.1 x 0.51635 = 13,080oz
Ag: 195,000t x 40.65/31.1 x 0.3125 = 79,650oz = GE 1,274 oz (Ag/62.5)
Total GE oz’s = 14,354
Revenue: 14,354oz x $1,267 = $18.186m
I wouldn’t be surprised to see silver recovery/production higher than the figure I have used and POG & POS to keep rising.
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