PRX 0.00% 0.2¢ prodigy gold nl

Ann: Quarterly Activities and Cashflow Report, page-21

  1. 2,475 Posts.
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    September quaterInclusive of additional costings -coyote lease payment of two million- paid, commissioning costs & tenement purchases.
    looks great for next quarter- no additional commissioning expenses, no dilution to head grade/as ore feed (was through commissioning ore),
    Coyote process plant now saturated & accessing golden hind ore.
    I expect a recovered gold grade will be upwards of 11g p/t,
    Remembering we can ALSO increase production from two weeks on & one off,
    as coyote process plant can handle production increase in access of 50%.

    I suspect management would be only awaiting gold through-put/recovered gold to be confirmed as being close to feed grade -before increasing production, in order to keep expenses checked, this should be a formality IMO as tail grade ( confirmed as being below o.05g p/t) & feed grade verified independently, plant verified conclusively as having 99% recovery.
    IMO-salt
 
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