TGZ
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0.00% $3.30 teranga gold corporation

re: Ann: Reaffirms Production, Cost and Reser... One more thing...

  1. elzephyrus
    5,510 Posts.
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    19/07/12
    07:59
    Post #: 10453305
    re: Ann: Reaffirms Production, Cost and Reser... One more thing of note: TGZ state they already have enough ore stockpiled to run the mill for one quarter at the expanded rate. I presume they mean reserve/resource grade ore, so that possibly means they've spent more than they needed to get things ramped up for milling. Any thoughts? Is it normal to stockpile that amount of ore? I guess it will come in handy if they end up having to do a lot of pre-strip in the case of an expanded pit shell.
    TGZ Price at posting: $1.54 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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