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6.5¢ beadell resources limited

Binwood, Thanks for addressing my concerns.I know that your...

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ww2zombie

485 Posts.

03/10/16

14:22

Post #: 19583597
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Originally posted by binwood ↑

Zombie I will give my opinion, at the risk of sounding like a ramp, but here it is anyway:

Last quarter we put 863kt through the mill at AISC of just over $1,200 for 23k ounces produced.

If we put 850kt through the mill at a head grade of 15g/t and a recovery of 87% that gives us 35,667 ounces.

Now we feed another 13kt of duckhead ore through (about 2/3rds which is the ratio of this quarter to next I am guessing by SJ's talks). This gives us another 12,364 ounces.

So given that approach I come up with production numbers a shade over 48,000 ounces.

Now given most of the costs aren't going to change from last quarter (wages are the same, earth movement doesn't need to change much, plant running same throughput etc etc) then I expect total costs to be similar but spread across slightly over double the production profile. We do know the Real has appreciated though and there may be other contingencies. So I will allow for a 20% overrun in costs above halving the AISC.

So overall my estimate for this quarter would be 48k ounce at AISC of $725.

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Binwood,
Thanks for addressing my concerns.I know that your opinions are based on verifiable data whereas mine,sad too say,are based on emotion.

BDR Price at posting: 42.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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