Frustration & Doubt = Fear For Accumulator/s
collect them while you can Ladies and Gentlemen............
It is all in the numbers Peeps!
Production for the period 1 July to 30 June 2017 was 13160 grams
(423 ounces) of gold and 12943 grams (416 ounces) of silver for total sales of AUD$695,143.
June quarterly 2017
Limited Edie Creek production during new plant installation works -125 wet tonnes
of ore processed at an average grade of 30.9 g/t for sales of AUD$201,930
(PGK499,747)
Production for the period 1 April to 30 June, 2017 was 3853g (123.9ounces) of gold
and 4047g (130.1 ounces) of silver for total sales of AUD$201,930 (PGK499,747)
A total of 125 wet tonnes of ore was processed at an average grade of
30.9 grams per processed tonne of ore.
And Go Back to A Past Record Period where we did not have the ability to do the 40 to 60 tonnes
JUNE Quarter 2016
Production for the period 1 April to 30 June, 2016 was 9862.5g (317ounces) of gold
and 8729.1g (287ounces) of silver for total salesof AUD $526,000 (PGK1,233,045)
A total of 760.7 wet tonnes of ore was processed at an average grade of 12.9grams per
processed tonne of ore. These higher processing levels, averaging approximately 12.1
tonnes per day during the Quarter, resulted from the installation of the crusher and vibrating
screen, along with improved operating efficiency of the concentrator plant.
This higher throughput, combined with significantly higher ore grades in June, resulted in
the best month’s gold production (281 ounces) and sales (AUD$469,190) since recommencing
ore processing in February 2014
So if you work on the June quarterly of 2017 at 40 to 60 tonnes a day upgrade and only use 40 tonnes then cut the grams back to 10 grams and 125 wet tonnes= 3days work and lets say we only get 21 good days of production a month for roughly 8750 grams *
281 ounces each month and gold at $1500 AUD an ounce and times it by 12 we will go close to earning
double our market cap in one good year.
If your not optimistic and always see the glass half empty then work on 5 grams tonnes for next Xmas
Oh and I forgot to mention it is 83ounces a month operating costs.................
Close to 200 ounces profit each 21 days
Our new production manager can bathe in silver I did not include!
View attachment 784743
CHEERS PUNTER!
FID
P.S.
Please Don't bother to ask me where the ten grams a tonne came from go and DYOR!
And remember it's all only just Numbers!
