Nothing too exciting and disappointed David 25 wasn't there to give a few pointers.
Wattle Dam :- A few delays in getting the ramp to the base of section D accounts for recent low grades through Mill, however stoping ore from Section D now being mined and results in first quarter 2012 will be much better,
DRILLING below current base not shown good results so far but optimism they will.
MT magnet :- All according to plan, first gold early January, if all goes well and gold price keeps up , Mill will go to 2.4 million tons p.a. during the year . Worst case scenario 1.7 million tons (Approx. 150,000 tons per month) from January at 1.5 g/ton =225,000 g/month (Approx. 7,000 ounces) at $1,700 per ounce another A$11.9 million per month to add to Wattle Dam's A$ 10 million per month if production is only about 70,000 ounces for the year. These are VERY GOOD figures.
For those who can handle a bit of cautious optimism just do those figures again BUT ASSUME 2 grms/ton from Mt Magnet and the Mill putting through 2.4 million tons p/a. Then assume Wattle Dam will actually produce another 100,000 ounces for the year not 70,000. THEN!! if you are greedy imagine the gold price goes up just a little bit, ANY INCREASE is all profit. I personally thanked management today for wrecking the share price, so that really greedy people have yet another opportunity to grab some more cheap shares
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Last
$2.36 |
Change
-0.040(1.67%) |
Mkt cap ! $2.735B |
Open | High | Low | Value | Volume |
$2.45 | $2.46 | $2.34 | $18.44M | 7.771M |
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No. | Vol. | Price($) |
---|---|---|
1 | 30 | $2.36 |
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Price($) | Vol. | No. |
---|---|---|
$2.39 | 149326 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9000 | 2.350 |
4 | 24500 | 2.340 |
3 | 4080 | 2.330 |
2 | 10500 | 2.320 |
2 | 24800 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.390 | 2500 | 1 |
2.400 | 23000 | 2 |
2.410 | 10422 | 2 |
2.440 | 35000 | 2 |
2.470 | 2200 | 1 |
Last trade - 16.12pm 11/07/2025 (20 minute delay) ? |
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VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
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