The logic is correct here. Don't underestimate the effect 3...

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2011doogs88

638 Posts.

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15/12/23

17:17

Post #: 71477032
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Originally posted by leec: ↑

I found the following interesting:
"Tietto’s mining contractor has mobilised and commissioned one Liebherr R 9350 and two Komatsu PC2000 excavators in November which are expected to increase overall mining volumes". Lets analyse this.
A Liebherr R 9350 has a bucket capacity of 18m3 and Komatsu PC2000 has a bucket capacity of 13m3. One Liebherr R 9350 and 2no. Komatsu PC2000s therefore have a combined bucket capacity of 44m3. Lets assume they can excavate and load at respective productivity rates of 700 and 500t per hr, then combined (1 x 700t + 2 x 500t = 1,700t/hr @ 12hrs/working day = 20,400t/working day). Assuming a 24 working day month then the addition of these excavators increase mining feed by just under 500,000t per month. When taking into 3.5 day mill shutdown and providing no other interruptions it is possible that we will likely see December gold at between the 13-15000 ounce range.
With record gold prices holding at an average of $2000USD/oz and a ASIC of $1250USD/oz would see free cash of $750USD/oz or a range of $9.7 to $11.2mio USD in the month of Dec. Fingers crossed and let's hope we see higher grades being mined / milled.

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The logic is correct here.
Don't underestimate the effect 3 extra diggers can make on a mine site.
Extra tonnes equates to the mill at full capacity and being able to create stockpiles. The mill needs consistency and it hasn't been getting it.

I too expect an increase in oz for Dec.

TIE Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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