TOMBOLA GOLD LTD (ASX:TBA) - Ann: Operational and Commercial Update, 66759321, page-10 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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ACEMINER

2,204 Posts.

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14/03/23

15:44

Post #: 66759321
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Originally posted by youwishfood: ↑

Yeah the announcement is not very clear. Like they say they have "crushed" 40kt to date. But "crushed" does not necessarily mean processed yeah? Like I would say crushed just means it has gone through the crusher and is waiting to be loaded into the Mill then onto the tanks etc.

Yeah based on the information provided it is a little hard to work out where they are sitting.

Sounds like they lost roughly a week of processing time in this last period.

So perhaps they have "crushed" 40kt of ore but only processed roughly 1 weeks worth or so. Say 10kt "processed". If that is the case then the avg grade is around 1.4g/t. Still not as per the model but better than 0.38g/t.

So that would mean that still have 46kt of ore left to "process" at say 1.4g/t. So around 2koz worth around $5.5M or so...... So they might still be just ok. Not a very good outcome but perhaps not the end just yet.....

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TBA Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
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