Gold credits.
Not sure when the cash for gold will arrive. You have mentioned previously that we only get 95% of the estimated cu contained when the concentrate arrives at the port and the other 5% after the refining is done. Is all the precious metal revenue delayed until the final payment?
The first slide below is interesting in relation to gold grade. Worth noting that in the Sept 19 q when thy stopped processing the high grades and started processing the stockpiled low grades the cu grade dropped from 0.55% cu to 0.29%but the Au grade stayed constant at 0.6g/t this continued in the following quarters.
The last line in the slides shows the precious metal credits / lb of cu doubling when the low grades are processed.
Might be some extra unexpected $s when the cut off grade is lowered in the UG project.
The Q4 2019 report was also interesting in relation to open pit mining and how long it takes for the strip ratio to get below the average.
Gold credits.Not sure when the cash for gold will arrive. You...
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