BGL 1.74% $1.75 bellevue gold limited

Ann: February 2024 production update, page-20

  1. 5,127 Posts.
    lightbulb Created with Sketch. 2098
    Not sure which school you went to learn arithmetic but it certainly was not mine.

    Firstly in the next 4 months the average days is 30.5 and there were 29 days in February. Ie 30.5 days is 5.2% higher than 29 days which gives about 14k Oz per month or 56k Oz over 4 months.

    Secondly they have only produced 23,839 Oz in first 2 months which results in 80 k Oz for the 6 months which is mid-point of guidance for Jan- June 2024. They still need to increase monthly production by an average about 4 k Oz above the 14k Oz to get close to 97k Oz.

    Despite the mis calculations they will probably beat upper end of guidance.




 
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