SVG 17.2% 2.4¢ savannah goldfields limited

The Consolidation, page-38

  1. 1,224 Posts.
    lightbulb Created with Sketch. 416

    Good response SuzyGS. The suggestion of 35% of impurities in our dore gold bars from Maroon or Georgetown is way, way too high with current best practice. To add to your comment, in gold processing plants such as our upgraded Georgetown plant (with a 97% recovery rate), most of the impurities and silver are removed before the dore bars are poured. The refinery after removing any remaining silver residues then creates the nice shiny 400oz gold bars with 99.99% purity.

    I find it strange that some posters don't place any merit on our recent 'gold sales & volume' - in November SVG had sold 3,254oz of pure gold and 1,482 oz of silver for a combined total of $8.55m. This was from a few months of processing that adds up to a very nice tally in anyones language. As Towie pointed out, when projected over 2023, at the same rate of production, the gold sales look like being close to the current market capitalisation for the company! This is why management now have dividends on the drawing board. How could anyone not applaud management for that effort?!
    Last edited by Rhazzle: 02/01/23
 
watchlist Created with Sketch. Add SVG (ASX) to my watchlist
(20min delay)
Last
2.4¢
Change
-0.005(17.2%)
Mkt cap ! $6.746M
Open High Low Value Volume
2.4¢ 2.4¢ 2.4¢ $320 13.33K

Buyers (Bids)

No. Vol. Price($)
1 7284 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 232914 2
View Market Depth
Last trade - 11.17am 16/08/2024 (20 minute delay) ?
SVG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.