I don't assume they would ever feed only stockpiles into the...

I don't assume they would ever feed only stockpiles into the Dalgaranga plant.

As soon as that haulage deal was entered into a couple of months back, the odds for either a toll deal or WGX having another go went up exponentially.



Hypothetically, what do you think the haulage ratio to Dalgaranga would be?

Here's my complete guestimate...

600,000t @ 2.5gt Big Bell = 43,408oz
300,000t @ 3gt Fender = 26,045oz
600,000t @ .7gt Stockpiles = 12,154oz
300,000t @ 1.5gt Yalgoos = 13,022oz
150,000t @ 6gt Never Never = 26,045oz
650,000t @ .4gt Stockpiles = 7,524oz

Total estimated Dalgaranga oz 2,500,000t @ 90% recovery = 128,198

Imagine running at a throughput of 2.8mtpa and throwing 300,00t Day Dawns 6gt ore into the mix (52,090oz @ 90% recovery)!!!





I'm guessing that still leaves plenty of ore to fill Tucka

800,000t @ 2.5gt Big Bell = 57,877oz
250,000t @ 2.5gt Comet = 18,086oz
250,000t @ 3gt Caustens = 21,704oz
100,000t @ 1.3gt Stockpiles = 3,762oz

Total Estimated Tucka 0z 1,400,000t @ 90% recovery = 101,429

Thats 230,000 oz before even adding Day Dawns high grade ore and Bluebird and Fortnums yearly production!

This would easily make WGX the 5th largest local producer behind NCM, NST, EVN & RRL.

@fitnfam

I think you are right about the ore mix last quarter.
They likely used a much larger mix of lower grade stockpiles than the higher-grade open pit stockpiles.
This bodes well for coming quarters.

I think they were genuinely surprised at the amount of ore Starlight produced.
They actually added substantially to Fortnums stockpiles over the Sept quarter.

GCY are currently chasing investors so wouldn't be surprised to see a flush out of all potential suitors.
I still think GCY have a chance to turn there ship around without a TO if in the right gold equities environment.
Finding that high grade deposit so close to the mill is still a unicorn situation no matter which way you look at it.
A toll deal with MGV is still a strong possibilty.
Anthony Buckingham was heavily involved with the GCY TO attempt and no he is no doubt aware the MGV may have to act fast.
Lots of cards in the air.
Will be interesting to see where they all fall.

GLTAH