KCN 0.31% $1.60 kingsgate consolidated limited.

General discussion, page-5251

  1. 209 Posts.
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    So to answer your question- the A pit main was stripped of a lot of high grade gold just before the closedown. As a result the current pit shape is not ideal, with lots of waste to remove, and less high grade to access easily. So they are having to redesign the pit- the new geologist is taking charge of this. Quartz lease is a hill, and they can’t safely start mining there until the western wall of A pit is flattened.
    As a consequence grade is way down, but will pick up slowly.
    The new equipment is badly needed, and is a very astute decision. They can put more through the mill to try and offset the grade problems with reliable equipment.
    I empathise with everybody about the comms, but to be fair the team at KCN are happy to talk to you- you just need to be respectful and not behave like a man-child.
    We just gotta be patient. It’s hard but, even I am getting a bit bipolar with all the issues.
 
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