Have a Ganda at the Gravity plant running at full spec?, page-16

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OkieDokie

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28/06/18

09:00

Post #: 33998811
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Originally posted by Saltiga62 ↑

G'Day all-Will through out some conservative numbers based on what we can see & therefore the plant
is running -two separate materials utilising two methods as seen above.

As previously ascertained to have 9.7 g p/t in tailings stockpile the average mill feed grade was running at 13.5 g p/t
that's average mill feed-prior to blasting & stope improvements -leading to much better improvement in minimising dilution.

If we just use an average grade recovered of 12g p/t x 20t per hr ( gravity plant ) x 11 hours running per day (12 hr shift 2x 6 hrs )
=2,640 grams- 84.88 OZ per day at 20 Day's per month =1,697 oz per month.
That's an allowance of approx. 10 day's RDO's for production guy's 7 allows plenty of time for maintenance to occur

Then you have the bonus of high grade through HM-3 -likely from Mestre Zone call this very high grade material 31 g p/t
or one OZ per tonne at only one tonne per hr through-put ultra conservative probably only 0.7 of a cubic mt per tonne per hr.
that's another 11 OZ per day x 20 days-220 oz
Total being 1,897 OZ per month-imo conservative & without allowing for HM-4 running tailings .
Just rough calculations -though they appear good & conservative understand people being sceptical given the history
though the gravity plant see running at or about full spec is great news.
imo-gltah
salt

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Which is why i think the market is heavily out of sync with reality. Even if half those numbers are reported for june, this is due for a rerate, confidemce will be restored somewhat and the last 3 months will be but a distant blip. I just look at NST for example. They had teething problems just like any producer, months almost years of negative sentment and downtrends. Look at them now.

OGX Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
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