a combination of low grade processing and a lot of prestripping has given us the poor quarters bear in mind we have the prestripping done now and we will be processing close to 1.4 g/t for the next year and a bit.. its not crash hot grade.. but its a damn sight better of the +-1g/t that we were doing in the past year, and given its now stripped that would be favourable to us, so I expect AISC to drop back to normalized levels.. broad guess 2 to 2.5k per ounce. as it stands thats +- 2k profit per ounce at current spot
800k tonnes at 1.4g/t x 88% recovery = 30,656 ounces per annum 800k tonnes at 1.35g/t x 87% recovery = 29,225 ounces per annum
fair to say 30k ounces per annum rate over the next 15 months is a reasonable expectation.. (if there is no more low grade to blended into it) 60m profit would be very nice outcome.
we are over the hump (or weak spot) in our mining schedule.
BCN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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