OGX 0.00% 0.3¢ orinoco gold limited

A reminder: even if we do need CIL for Cascavel ore, management...

  1. 3,043 Posts.
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    A reminder: even if we do need CIL for Cascavel ore, management have signaled that they will still meet their initial monthly production targets of 1000 & 1500oz via the existing setup, and I expect a little more tweaking of the mill will improve recovery, regardless.

    Whatever the outcomes of the bulk tests through the 3rd party CIL, we will be purchasing a CIL for Rio do Ouro & Xupe as that ore has proven great recoveries through a CIL circuit. It's a happening thing. Let's hope they pick up a bargain!

    The twitter updates are clearly to demonstrate that the plant as it is producing suficcient to upscale in the gold room though the underlying message is, recoveries could be much better. So long as they can point to break-even soon plus change so we can continue the good work at the River Of Gold and elsewhere we should just buckle in and let this story unfold. We are only just out of the starters block IMO. Lots more to this story to play out.
    Cheers DJ
    Last edited by soup41: 22/08/18
 
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