"I posted the potential cost per ton on here would be higher than the return of silver out of the dumps. I was right hb45"
You wouldn't have been "right" if the recovery was as estimated in the resource though. So I am not sure exactly what you are looking at in regards to the numbers. You knew the stockpile had 60% less silver than indicated? Really? You never mentioned that in your numbers instead you said costs would be higher than they said which anyone could tell as diesel has doubled in price and I already did the analysis to come out with a $27 AUD per ounce number on that stockpile with that in mind.
Just look at the numbers and assume the ounces of silver was in the ore they mined as estimated, then look at the money generated and get back to me. You were "right" for the wrong reasons so I am not sure why you are patting yourself on the back for it. The first 3 months they obviously had issues getting up to operational speed for whatever reason and still low recoveries. I suspect they were pausing often due to the low initial recoveries and doing tests , along with what they said was "crushing issues". The next 3 months is still dominated by low silver in the ore due to natural sluicing. We won't have long to find out if I am correct about the stockpile.
And if you did post accurate to date public recovery rates on the silver in the stockpile then link me to it as I have never seen it.
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"I posted the potential cost per ton on here would be higher...
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Last
4.2¢ |
Change
-0.003(6.67%) |
Mkt cap ! $35.84M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.2¢ | $6.126K | 140.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 53954 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 83709 | 0.042 |
4 | 74500 | 0.041 |
3 | 259749 | 0.040 |
2 | 52641 | 0.039 |
1 | 15000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 100000 | 1 |
0.045 | 6041 | 1 |
0.046 | 254878 | 6 |
0.047 | 65000 | 2 |
0.048 | 73554 | 2 |
Last trade - 14.44pm 31/07/2025 (20 minute delay) ? |
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