Ann: Quarterly Report 30 September 2014, page-37

I apologise if my post upset you yesterday, it was certainly not my intention. However, in my opinion production for the last week on the chart is better than 52% and I am quite entitled to make the point. I am using the throughput, gold grade and production numbers supplied in yesterday’s announcement:

Where we were for the last week on the chart969oz GE/wk = Au 890 + Ag 5,538 (79GE)Equivalent to 89.5% throughput (or 89.5tph) @ 54.35% recovery
Gold Production/wk 13,769*3.7*0.5435/31.1 = 890oz/wk
Silver prod is x 6.223: 5,540oz or 79 GE
890 + 79 GE = 969 GE

Yes, I did get it wrong first up but by the same token at 52% you are not right either. I made the correction yesterday so it is hardly reasonable to carry on about it today. If you want to accept 52% so be it, I believe we are entitled to our own opinion.

As far as me not accepting your 900oz /wk figure you must be dreaming – you are preaching to the converted, because I agree wholeheartedly and made the exact same point well before you in three postings that go back to 10/10 (well before you posted on 15/10), #14109392, #14139197, #14146706 : The only thing I did not agree with was your methodology of averaging two weeks and subtracting something to derive the 900. I certainly did accept they have been producing at 900oz and have held this opinion since at least 10/10.
I am not sure if your mention of 90tph rather than 100tph was directed at me but I am very aware such has been the case for a long time and have made the point in a number of posts and a letter to the company (which remains unanswered).

Rob, on reading back through the posts I think you have misunderstood my position and assumed that I did not agree with the 900oz. When you previously stated that we agree to disagree I thought the comment related to the method that you used and had no idea that you thought I disagreed with 900oz – I assure you such has not been the case.

I generally enjoy reading your posts because they are usually PGI focussed rather than the dispensing of psychiatric nursing to needy patients. I appreciate your report from yesterday very much because to simply read the announcement one could very easily not feel happy, there was news in there that was not good. Your enlightening comments do clarify the position however.