Hi All, Just starting a thread up on OBM performance for JAN FEB MAR for 2022
From AGM [Thank EuroInvestor] Looking at just under 1.4M tons ore mined, of which higher grades will be fed into MIll which if at capacity can do 1.2Mtpa Riverina is 1.6 g/t and Missouri is planned 2.6 g/t (but currently 1.74g/t) So 550 000 tons from R *.25%(for Qtr) = 137500 tons @ 1.6g/t* @ 31 g per Oz = 7100 Oz & 650 000 tons from M *.25%(for Qtr) = 62500 tons @ 2.3g/t** @ 31 g per Oz= 12056 Oz - no feed from Golden eagle as per latest Qtrly * last grade from R was 1.4 g/t **2.3 g/t is 10% under 2.6g/t
All up 19156 Oz *.92% through Processing plant = 17623 kOz (x4 for Annl = 70500 KoZ) This is in the range of 70 to 75 KOz also advised during latest Qtrly.
If they can do at $1800 AISC would be 17.6 KOz * $0.65 Profit = $A11.4m for Qtr (POG $A2450) At $2300 would be 17.6*.15 = $2.6m for Qtr
OBM Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
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