Fundamentals of Cascavel IMO-Will Prevail.
hatmopit said-Whatever, I am looking forward to it,
I don't think this will be a case of 'sell the news' rather get hammered
(excuse the pun) in the rush in .....
Totally agree hatmopit see below
Production Ramp up underway with new mining methods concentrating on ore vein.
The latest 6 samples totaling 9.25t-average sample weight of 1.54 Tonnes & still averaged 25.p1 g p/t.
Average processed grade of 35 samples thus far have returned 36.17g p/that's One & 1/6th OZ
per tonne processed at the current AU Price Of Gold at $1,696.00 per OZ is Equivalent per tonne
processed in AU earnings of $1,978 per tonne processed.
Last week the mill ran waste rock material-(so is commissioned) and high-grade ore will begin
to be processed on Monday -The Large Hammer Mill is installed & will be processing
High Grade Ore & should reach full production as of last Tuesday 20th Feb.
So There-fore As hatmopit stated
Large Hammer mill 3 was commissioned on waste rock over the previous week.
Hammer Mill 3 Commenced processing High Grade Ore Monday 19th Feb.
Hammer Mill 3 Expected to reach full production as of Tuesday 20th Feb.
Very Recent Fundamental Stated Improvements
Significant Cost Reductions.
Break through between Mestre access and Mestre decline was successfully completed last week
reduced the haulage route to the hoisting skip from 621 mts to 87.52 mts.
Cuca shaft is approximately 200m from Cascavel and is potentially another source
of ore for the plant.
A second Sandvik Toro 151 purchased & on route to Brazil.
Mining concentrating on ore veins .
New drilling and blasting methods successfully implemented in the stopes,
we have been able to reduce the explosives consumption by 51% and are able to "control
the ore dilution".
Note:30 cm Ore Vein Extracted with minimal explosives.
(With Perfect Precision-Hence minimal Dilution during Vein extraction).
Given the large amount of underground material processing of the 1,000t of tailings will
NOT commence until the "second shift starts '.
The higher-grade ore that has been stockpiled underground is currently being hauled
to surface for processing through the new hammer mill.
This larger mill will be run on one shift "INITIALLY", but a" SECOND SHIFT" is planned
to increase its daily use to 12 hours once we are confident it is running smoothly.
As said in my previous post-once operations & recovery are proven management
will upscale operations accordingly 2 shifts/3 shifts -wait for actual results to justify
the labour increase-& a formality imo.
Current management are efficient & have a stepped achievement process - planned methodical
method no ego's just pursuing with justifiable vigor !
Commendable to say the least.
p.s.-Some anxiety being felt with traders heavily influencing the daily volumes & share price
this is to be expected with a large registry & daily liquidity turn over.
These guy's mostly chase the quick buck turn over & often don't Know there Ass from there
Elbow regarding Fundamentals associated with the complicated aspects of narrow Vein High Grade
Gold Mining & Processing !
Treat as white noise unless your brave & or experienced enough to attempt day trading as you
can very easily get caught out with Announcement timing.
Plenty of imminent news flow awaited with eager anticipation !
imo-gltah
salt
