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clock Created with Sketch. 24/03/15
15:19
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Originally posted by Holdonman
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A metallurgist mate of mine pointed out that RED has discovered the ancient art of alchemy or they can’t do simple maths. Has to be one or the other.2.43 g/t Au on 7/1/15. They then reported they had processed 64,902t at 3.49g/t Au on the 28/2/15 and had a remaining stockpile of 130,000t at 2.46g/t Au.2.46g/t Au when the grade of processed ore was 3.49g/t Aureconcile 2.46g/ t Au versus a reconciled 1.90g/t Au. How can this be? RED has either arbitrarily added 0.54g/t Au or 29% to the grade/value of the remaining stockpile or there are some serious problems in their grade analysis (positive grade bias) at the mine which may include any part of the mine production process.
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Hi Holdonman, I have not seen another poster on this site with such dedication to spend so much time running down and trying to fault find on a stock, I could understand if you actually held the stock.
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