OGX (ASX) OGX'S-High GradeTailings-Historical Overview

Originally posted by Saltiga62 ↑

G'day SJB- the bold lettering was not directed at you personally,
even though I responded to you, I am speaking more to others on the
back of responding to you if that makes sense, so no insult intended
whatsoever.
imo its unlikely what occurred is just attributed to incompetence
regarding dilution & the gravity plants ability to recover gold.
No better example of my statement than what you said.
If a mine had 2 g/t into the plant then you cant get 8 g/t out
to the tailings, as clearly its impossible .

There are many moving parts behind the obvious, the how & why's
regarding the past are very relevant to what is in the tailings.
The tailings & its likely content will very likely surprise to the upside
when processed-just my opinion.
The more aware investors are the less likely they can be manipulated,
IN THE FUTURE this is what I am about -bigger picture factor.

Even though I have a vested interest in OGX, its not the primary
reason I post.
I accept the rational of not making the thread to rigid apologies
in retrospect if it effected any one's intention to post.
imo-gltah
salt

Expand

Great response Salt (apologies for getting a little warmish under the collar),

You put in a great deal of effort on OGX and have done a lot of research putting past announcements in context.

There are a few things regarding the grade of tailings that make me think we don't know the full story. I have heard reference made to very high tailings grades for months ...probably years.

I have also heard how the first underground miners we had on contract were paid by the tonne of ore mined, with no reference to the amount of gold mined, and this apparently meant that they were happy to dilute as much as possible. This gives me some caution regarding exactly how high the tails grades are -but I don't know.

Probably our best indication is the samples that were taken 4-6 months back, and from memory they still had high average grades ...so I remain cautiously optimistic regarding the tailings.

The fact that our tailings are sitting in a nice big 38,000 tonne stockpile and already crushed to 1mm or less, means that it should require very little energy to reprocess them.

I'm hoping we have news regarding this before too long. In Bit Rod's video we could see the relatively high quantity of ore being processed though the vertical spindle crusher I guess, and it would make sense if this was tailings being processed.

Anyway,

Cheers,

SJB