TBR 0.20% $4.89 tribune resources limited

npbt $75m--market cap $120m, page-10

  1. ink
    1,413 Posts.
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    From last years annual report TBR/RND mined around 170,000 tonnes @13.4g for around 71,000 ounces, but processed around 184,000 tonnes at the Greenfields mill for production of 77,000 ounces

    In the 3 quarters till 30 March they have mined 133,000 tonnes @ around 13g/t.

    Which is roughly 45,000 tonnes per quarter, so I assume they will be doing around 170 to 180,000 tonnes again

    However because of different timing runs on the Grrenfields plant processing to date has produced 64,100 ounces up until 28/4/2001. The next mill run is due late July, so i assume no more will not be calculated for the june 11 year.

    The excess ore mined remains either on the rom pads at the greenfield mill or the mine site.

    Of interest for the 3 quarters till 30/3/11 they processed 150,000 tonnes of ore for 56,000 ounces of gold--- and at $1400 per ounce that would equate to $78.4m, but stated revenues for the 3 quarters was only $49.9m. Some $28m less

    I believe the difference is, the company still holds the balance in bullion.

    Cheers
    Ink

    PS with a DUTCH influence
 
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