GXY 0.00% $5.28 galaxy resources limited

General: Share Price, Trades and chart related discussions, page-1641

  1. 7,483 Posts.
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    shades, sorry for the q’s, you are right should look for myself, won't happen again.
    Went and looked through ann's
    Can't really find any updates that says anything about actual mining(will keep looking), also
    nothing in regards to stockpile quantities.
    However did find this
    19th July 2016
    Mt Cattlin last operated from 2011 to mid‐2012 under the stewardship of the previous Board and Management of Galaxy, with production statistics for the 6 months to 30 June 2012 including (see Galaxy 2012 Annual Report, p.11):
     Ore mined (tonnes) – 454,912
     Grade (Li20%) – 1.22%
     Waste mined (BCM) – 925,505
     Ore treated (tonnes) – 453,004
     Grade (Li20%) – 1.23%
     Spodumene produced (dry tonnes) – 54,047
    On 12 October 2015, General Mining announced an independent review of its plan for the recommencement of production at Mt Cattlin based on the following parameters:
     Annual throughput (ore treated, tonnes) – 800,000
     Average annual LOM spodumene production (dry tonnes) – 111,000
     Peak spodumene yield – 75%
    And this
    4th August 2015
    http://www.asx.com.au/asxpdf/20150804/pdf/4308mqlkn32ygt.pdf
    Extract
    Material assumptions and outcome of the Feasibility Study
    For purposes of this report the NI 43-101 technical report completed by Snowden at the end of 2011 is used as the reference to the most current Feasibility Study. This report will be referred to as either the Feasibility Study or the Technical Report.
    The inputs into the economic analysis is based on include:
    . Ore mined- 10,742 kt
    . Ore processed - 10,742 kt
    .Grade processed - 1.04% Li2O
    .Spodumene concentrate produced -1,471 kt
    .Spodumene concentrate shipped - 1,491 kt (not sure how shipped was grater than produced)
    As you can see from these numbers all ore mined was processed, so am at a loss as to you saying “there is enough product lying around in stockpile to run through the plant currently, for the first shipment of 45t”

    Oh, not a newbie here, this is when I first bought in 1/4/2015 .032 200,000, just have let it alone until last few days.
    Thesi is usually on it and was so when in earlier days when she had a slightly longer name, so when she started questioning, it got me to thinking about GXY again.
 
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