PUA 0.00% 0.5¢ peak minerals limited

are we due some reporting soon?, page-3

  1. 5,428 Posts.
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    My guess is the Quarterly will be released after the close on Fri Apr 30

    I predict grades will be down due to the volumes of development ore. The declines and ramps the company is building will be mainly going through low grade and mullock. They have started shrinkage stoping high grade M1? ore from a decline below the 640 level. This was announced in the last quarterly. The nature of this mining technique means that only 20% of the broken ore gets processed before stoping operations cease. Only when the mining has been done will the bulk of the ore be extracted. I expect this large ore parcel will be available sometime during the current quarter.

    One wide stope has been started in the Frenchmans? veinset off one of the higher levels. This stope is being cut with hand held equipment. My guess is it will provide a bulk sample to verify ore modelling and it will test roof support requirements for the wide void produced by flatback mining. (This is mine engineering. It ain't my field but I expect Mal M. and Philip B. will want to test ground conditions first before starting 5 or 6 flatback stopes.)
 
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