PRX 0.00% 0.2¢ prodigy gold nl

Ok... so its been a long day and my head is a little worse for...

  1. 11,935 Posts.
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    Ok... so its been a long day and my head is a little worse for wear.
    As I now see it, if you take out the low grade ore (12972 tonnes as of July 15th) (which produced 2388 ounces)
    That means that ABU processed a further 28028 tonnes. Which in turn produced a further 7625 (10012-2388). Which means I get a grade of 8.5g/t. I think without doubt they were still ramping up in July and even August. So as ajostu attempted to estimate, production rates must be increasing, perhaps even in Sept, which does give weight to SALTs numbers that ABU is only now hitting its stride.

    The numbers all match, so if SALT and the company is right in regards to the very high lock up, then ABU will be fine. I take comfort in the fact that to date, ABU has produced just over 10k ounces, which is barely 1.5% of the 640,000 ounces.

    btw - all of the above could be way off...
 
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