ABU's Coyote processing facility likely near term completion of gold, page-2

Salt: I think your numbers are entirely reasonable, and thanks for calculating the actual ounces that may have been "consumed" by lock up.

Prospector and I went on the numbers that are available. I think we both realise that gold lock up is not reflected in the produced ounces that the company have told us. The point was merely to try and work out, month by month, what the gold output wsa rather than just have a "total ounces since they turned the plant on" number.

However what your figures also suggest is maybe part of the reasoning behind declaration of production on 1 Oct. As others have suggested I believe this decision is retrospective (made just before the quarterly came out). It may have been made for several reasons:

1) the accounting is easier.
2) the plant itself operating to full 2/3 schedule
3) evidence that lock up had saturated and grade reconciliation was improving (as suggested by your figures).

Wouldn't it be great to have an update before the next quarterly showing that this was the case.