SVG 13.3% 1.3¢ savannah goldfields limited

Ann: Quarterly Activities Report, page-9

  1. 256 Posts.
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    $1916 per oz was an average during commissioning. It will be reduced as the plant and process is optimised. There were also a few one off costs that won't appear in the next quarter. Overall I think it is promising. The plant is running at close to 70% capacity after being mothballed for 10 years, that alone is impressive.
    Both reports were pretty light on detail. They are not reporting specific g/t anymore just "High Grade" and "Low Grade" ore but the sale of the gold is enough to provide some comfort. Back in the bottom drawer for a few months!
 
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