PNR pantoro gold limited

Month on Month Production Estimates, page-9

  1. 12,625 Posts.
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    I am hopeful for something closer to 7000 ounces.
    I mean... if they simply mine another 20kt per month from the U/G at 5g/t, chuck the stockpile of 50kt at 1.9g/t sitting ready in the pit, and finally another 16k at total guess, 1g/t. That is 86kt at perhaps an average grade of 2.45g/t. I am hopeful they have continued mining the open pits, which might mean they did not need the 16kt on the ROM and just keep feeding straight from the open pit, which.. could add approx 25kt at perhaps 1.9g/t, giving a grand total of around (average grade bumps up to 2.55g/t) 7,800 ounces before recoveries (perhaps 92%), 7,275 ounces. which would hopefully see them become slightly cash flow positive. The market is still not ready to fully believe the company, so... it all comes down to getting the job done...

    20,000t U/G @5g/t = 100,000g
    50,000t OP @1.9g/t = 95,000g
    25,000t OP @1.9g/t = 47,500g
    Total Grams - 242,500 / 31 = 7,822 ounces.
    Recovery rate * 93% = 7,275 ounces.

    More waiting I guess!
 
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Last
$3.74
Change
0.025(0.67%)
Mkt cap ! $1.469B
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