FFX 0.00% 20.0¢ firefinch limited

I think 8,000 oz pm is optimistic. Remember that the grade of...

  1. 1,066 Posts.
    lightbulb Created with Sketch. 146

    I think 8,000 oz pm is optimistic. Remember that the grade of the tailings is 0.5 gpt with a 54% recovery, so 4,000 oz pm (124kg) requires processing of 460,000 tonnes of material per month (which well over the plant’s 4.5mt pa capacity - though I don’t know whether the 4.5mt pa applies for the tailings). The ore grade from the satellite pits is much higher (1.38 gpt) and recoveries should be around 80%, so four times the gold. They might start blending new ore with the tailings in 2021, in which case 8,000 oz pm may well be possible.
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.