KCN 0.00% $1.52 kingsgate consolidated limited.

Ann: Chatree Gold Mine Overhaul Update, page-61

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    My conclusion is the 3200 per day number is correct (2500 cubic metres is Olympic sized swimming pool) and 3 million should be 30 million litres to date ( = 30,000 cubic metres - so 10x current daily rate as they ramped up).

    Looking at the timeline in the November 2022 presentation, the delay in first gold pour was two months, January to March, impacting everything else after that. We will soon see what current liabilities KCN has at June 30 but if they can maintain ~$16m cash level for next 5-6 months (as they have last 2 months) it will be fine, tight but fine.

    As I see it, cash flow until end of 2023 will be used for Plant 1 refurbishment, cash flow until March 31 used for Plant 1 commissioning costs and first gold pour. At some point mining will start after A pit North has been dewatered. I assume it will take many months to ramp mining of ore to fill both plants, displacing stockpiles.
 
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