AAU 0.00% 0.4¢ antilles gold limited

gold/ silver recovery

  1. 333 Posts.
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    It would be interest to find out exactly what the recovery rate is in terms of physical Gold/ Silver. The physical amount may not be that far off what was targeted if they were originally budgeting on Gold being $1600/oz and Silver $30 by now.
    Also what Gold and Silver price were they using to predict doing $5 million a month this quarter and $6 million a month next. If they are assuming $1000 gold and $18 Silver they should be able to surprise to the up side. If they are assuming $1500 Gold and $25 Silver there may be more pain to come yet.
    I know someones going to say that the Gold is hedged at approx $1320. But I think I recall it being 1/3 of production, so it would make a big difference if its the first 1/3 of all production or a 1/3 of monthly production.
 
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