So playing devils advocate what would the 20% probability read?

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03/05/18

22:41

Post #: 32873236
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Originally posted by Samboy69 ↑

Q4 potential announcement: (My hypothetical only)

RECORD GOLD PRODUCTION June Quarter

• Record gold production for the June 2018 quarter of 22,300 ounces, 73% higher than the June 2017 quarter production of 12,855 ounces and 11% higher than the previous record quarterly production of 20,195 ounces established in the March quarter 2016
• Average head grade of ore treated for the quarter was 3.27 g/t Au with a gold recovery rate of 96.0%
• AISC of US$620/oz for the quarter, a large 50% decrease from the September quarter of US$1240
• Ore stockpile in excess of 90,000 tonnes representing more than enough for 1 months processing
• Investec loan repayments made of US$5 million during the quarter (including the US$4 million paid on 31 March 2018), reducing the loan balance to US$11.2 million at the end of the quarter.
* stockpiles were used for forward sales during the wet season which was milder than expected
• Cash & equivalents (gold inventories) totalled A$14 million up from A$9.6 million at the end of the March quarter
• Sales revenue for the quarter was US$30.6 million from the sale of 23,046 ozs of gold

Any chance this can be real?
You bet ya. An 80% probability due to stockpiles and high grade smarts 3 ore imho.

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So playing devils advocate what would the 20% probability read?

TRY Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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