WWI 0.00% 1.4¢ west wits mining limited

Ann: Quarterly Activities and Cash Flow Reports, page-384

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  1. 2,839 Posts.
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    no denying this

    JVH verbatim: “Since we completed our BFS in September, there was a lot of work that took place on site. We appointed a mining contractor. WE INSTALLED ALL THE INFRASTRUCTURE. THE INFRASTRUCTURE THAT WE INSTALLED WILL TAKE US TO ABOUT 30000 TONS A MONTH AND THAT SORT OF THE MAINSTAY OF THE PROJECT. THE NEXT STAGE IS BUILDING THE CURRENT MINE TO ABOUT 50000 TONS A MONTH AS PER THE FEASIBILITY STUDY. There was a lot of activities from then to now.”

    Reason why JAC and MQ has been stating in ANNs, interviews webinars, that there will be a rapid production build up. To start 3 months from Debt Finance and Long term Toll agreement.

    20,000 tons per month of ore at 3.11g/t is about 24,000 troy oz of gold per year
    30,000 tons per month of ore at 3.11g/t is about 36,000 troy oz of gold per year.

    again our infrastructure completed at Qala shallows supports 30,000 tons per month


    https://hotcopper.com.au/data/attachments/4455/4455492-f531dcc3ddc1dc86a249d4cc09a56d07.jpg

 
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