CTO citigold corporation limited

December quarter should be substantially better than the last...

  1. 2,739 Posts.
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    December quarter should be substantially better than the last quarter.

    there's no guarantees - but ..

    We've slowly been building up and I know we're starting to process a lot of ore at the moment - about 900T/day hopefully that will be sustained (no guarantees of course) - the big risk is the grade risk (the head grades can vary from 7g/T to 10 g/T depending on dilution - we need to remember that while the stopes may average grades of 15g/T - 30g/T the development drives may have grades as low as 3g/T).

    So if we do some maths and use the lowest head grade (7g/T) - we're hopefully producing at a rate of at least 6,000 oz/month right now - and so over the month of December we should see 6,000 oz, if my maths is right and if the 900T/day rate is sustained.

    October and November would have lower of course as the build up is exponential.

    Don't forget these are all my figures and how i've calculated things - so don't take them as gospel.

    Figures aside it's all about reaching critical mass development wise - and although we're not there yet, we're getting closer all the time - maybe something that Diggers and Drillers should have realised.
 
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