There is a few facts that seem to be ignored. OGX is on a tight rope re cost and recovery to balance out.
They can not push 25 tonnes a hour through the tables they have at present. If they try then they will loose a lot of gold back into the tailings. The volume of the feed and the water will carry the gold across the table same as a flood carries gold down a river. They will have to spend some time and cash in making some big improvements to the current table as seen in the video. I have sent a email to the management that has not been replied to to date. I think the new management and the staff are doing a good job but they are I hope addressing the table verse volume. Time will tell and it will be sorted. Just no indication that they are at present. I am a ex gold miner from NZ.
OGX Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
