I do not think they will be able to publish any meaningful figures until a head grade can be firmly established. Surly they will have some ball park numbers for internal use, but without a head grade it is all guess work... So a b and c are dependent on that grade, they have already given guidance on d, around 40k pa until early next year and ramping up to ~80 to ~100 tons pa. Again, they need to see how much money is coming in and do some drilling just to confirm continuity along with seeing how the large bulk sample goes from Cuca.. As for e, if I had the 30% and the mine is as profitable as it is looking, good luck getting out of my hands. So all in all , I think it will be another month or even two before we start to get any of the answers you are looking for.... All my opinion, I could be way out.. One thing that is now almost a certainty is that this will be a producing mine within the next few weeks , and that is a lot more than can be said for many other juniors on the ASX, but as to it being profitable ??? one would think so looking at grades announced to date, but .... not a certainty until the money is in the bank .... GLTA...
- Forums
- ASX - By Stock
- OGX
- Ann: 160708 - Placement & Commissioning Update-OGX.AX
Ann: 160708 - Placement & Commissioning Update-OGX.AX, page-37
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OGX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online