TIE 0.00% 67.5¢ tietto minerals limited

Yeah, definitely normal to stockpile mostly lower grade material...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 329 Posts.
    lightbulb Created with Sketch. 117
    Yeah, definitely normal to stockpile mostly lower grade material on the ROM and feed the higher grade as it comes. So every time there is a disruption to mining due to wet conditions, the deficit will be met with lower grade material.
    So I agree, the grade not likely to improve through Q 2 and probably Q3 also.

    Even if we assume a poor 150 K oz for the full year 2024, at these prices, still making good money. Need to see the AISC in the quarterly to know how close to forecast this will be. Whether the grade is likely to improve during the mine life is an open question now.


 
watchlist Created with Sketch. Add TIE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.