The Dalabgara MRE is 1.7m Oz with a grade of 2.5 g/t.
With a 2.5mt plant, processing an average head grade of 2,5g/t with a 90% recovery gives an annual production of 200,000 Oz - which is what BGL is supposed to produce.
Is SPR now looking at production of 200k Oz pa maybe for 10 years? The last presentation had a mine life of 8 years+ but with the average grade of 2.5 g/t that is 200k Oz pa unless they under utilise the plant.
When they initialed were looking at a mine life of 5 years+ one year ago the average grade was 1.6g/t which produced about 127,000 Oz pa (90% recoveries) and they stated the production target with the 5 yrs was between 130-150 k Oz.
SPR Price at posting:
48.3¢ Sentiment: Buy Disclosure: Held
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