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jimone

1,802 Posts.

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23/04/18

16:21

Post #: 32634046
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Originally posted by jasmac ↑

@jimone it comes from the phrasing of two parts of the announcement i assume., Point 3 says :
''HM3 commissioning expected to be completed by the end of April, with May the first full month of commercial production utilising run of mine ore..""
and point 4 goes on to say:
''Final commissioning involves processing 5,428 tonnes of a blend of low, medium and highgrade ores and development material currently on the pad and another 1,041 tonnes of mainly high-grade ore which is underground awaiting haulage.''

therefore final commissioning involves processing said ore by the expected completion date of end of april.

Not sure if that is what they meant or not - apparently Peacegirl69 has an email from OGX stating otherwise as well - but they have yet to share it so not sure how true that is. All we can do is wait for the next ann really.

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Yes @jasmac, I can see how it could be read that way, but that's not the way I read it. I just could not see how they could process the 6000 tons in April so read it the other way...

OGX Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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