So we have enough info to assume what PMR refinery is going to send us Cash for...
i suspect Cash was received today, as it would be the only time Ross the Boss could have given a true Gold ounces production figure...
- 8th Pour is this Friday, we can Assume PMR Refinery have 7 lot's of Dore Bars in their possesion.
- 500 ounces of Gold a pour means about 4,000 ounces of Silver each pour too.
- 500 x 7 pours = 3,500 ounces of Gold x $3000 aussie = $10,500,000
- 4,000 x 7 pours = 28,000 ounces of Silver x $38 aussie = $ 1,064,000
- Because of the low grade stockpiles, each Dore Bar must be currently around 10% Gold, 80% Silver, 10% waste
So..... We should be expecting approximately $ 11,500,000 less Royalties/ refining costs to be deposited into our bank...
Not a bad start after a 7 year closure...
And this is rock bottom, from just 1 plant processing Adam A ( ant) & JJJ Ceasars leftover excrement ...
Everything only improves from today...
HOLY captain Kangaroo grasshoppers!
- 370 tonnes per hour is 8,880 tonnes per 24hr a day, x 365 days a year = 3.2 MILLION TONNES PER YEAR !!!
Holy moley grasshoppers! 3.2 million tonnes a year is significantly higher than nameplate 2,7 isn't it!
just wait until higher grade is fed through the beast!Old Analyst Keith Goode wasn't wrong saying it can achieve above 4 mtpa!
Ann: Chatree Gold Mine Production Update, page-7
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