PNR

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8.4¢ pantoro limited

Ann: Month on month production continues to increase, page-12

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Aljn

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113

03/11/23

14:07

Post #: 70713721
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Originally posted by speculator101: ↑

A pleasing announcement to be sure Wassa.
How so much of these details were excluded from the quarterly astounds me, but.... it is what is is for now.
The increase in ounces, grade and.... not mentioned, but... recoveries are up too, at just over 92%.
90200 x 2.3 = 207,460g / 31 = 6,692 ounces / recovered 6186 = 92.4%

Processing throughput annualised at 1.08mtpa (with peak rates of 150tp hour looking to be just shy of 1.3mtpa, which.... bodes really well for profitability over the longer term (costs down etc).

As you mention Wassa, all that stockpiled ore from the open pit, as of 3 days ago, should seem them almost fill the mill exclusively in conjuncture with the U/G (which... if I can be a little optimistic could go above the 20,000t as they are going to have a second high grade source to mine from in coming months). Either way... 50kt at 1.9g/t. 20k at 5g/t - 20t at 1g/t (from lower grade) = 6,935 ounces or approx. 6415 ounces for Nov. The upside is if they can continue to add just Scotia ore.... then we should see closer to 7,000 ounces recovered, or a further 12% increase on Oct.

65,000t on the ROM & stockpiles bodes well for the operation overall as that is close to 1 month (which should be there minimum in case of issues like weather etc). This is from the quarterly. We already know that each month it has been getting better.

Then... it's just about grade and dilution.
They are not out of the woods yet, but.... clearly they are getting closer to being cash flow positive.
It's a race, plain and simple, hence the risk/reward proposition PNR sits at.

Good luck to all holders.

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I think if they can give us a very good AISC I think it might be a punt worthwhile,I will keep a sharp eye on this.

Aljn

PNR Price at posting: 3.9¢ Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Month on month production continues to increase, page-12

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Ann: Month on month production continues to increase, page-12

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