DCN dacian gold limited

Ann: Dacian 5 Year Mine Plan, page-6

  1. 13,192 Posts.
    lightbulb Created with Sketch. 2823
    how is it going to produce that?

    dcn greenie.JPG

    If it told you 5 mins before that it ore reserve, the thing that you mine and produce gold from totals only 385K

    dcn ore reserrves.JPG

    which is made up of 236K PROVED and 150 Probable dcn ore resrves.JPG
    there is no point spending capital drilling and exploring and doing studies to get a JORC compliant reserve if you can simply say you will produce more over 5 years than you said you actually had in a reserve,,,,the plan imo is invalid until that reserve at least matches forecast production


    Why not say average 115K over the next 20 years, not like the current JORC reserve matches

    Anyway good luck
    Last edited by sydneyguy: 31/08/21
 
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