25% of the gold out to tailings. Hopefully this will be a smaller % with higher grade ore and/or we will have a cyanide circuit sometime in the future to recover this.
500t @ 12t/hr = approx 40hrs of operations. Why not put some high grade ore through & get some GOLD - collect the tailings & put it through again if recoveries are not good but at least get some GOLD. This is what the last drop kicks did = process low grade ore doing 'trials' until they ran out of money !!
E.g. 500t of 10g/t ore = 5000g @ 75% recovery = 3750g x 95% purity (only guessing purity) = 3562g = 114 ounces x US$1250 = US$142,000. Why not gold is gold, $ are $
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OGX Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
