Thinking should be banned for some !
From time to time that includes me ! lol
We are allowed to work in the mine 24/6
The condition "13" vote now allows us to process material 24/6
The original plan was to Process 72,000 tonnes a year .
If we stick with that plan the numbers are :
72,000 T @ 14.3g/tAu + 59.9Ag for M+I
That would give :
72,000 x 14.3 = 1,039,600 x .93 = 957,528 G/Au for 30,788 AU ounces
72,000 X 59.9 = 4,312,800 x .90 = 3,881,520 G/Ag for 124,807 Ag ounces
If we go with £ 300 costs and £ 800 sales per ounce that equals £500 x 30,788 = £ 15,394,000 per year before tax
Throw in the 124,807 ounces of silver Per Year in to costs and forget the 10% premium on Scottish Gold and the 40% of the company marketing the Scottish Gold and it still looks good .
What if we don't stick with that plan and actually increase our processing !
Cononish is open at depth and on the west strike and Snowden have said there is potential for 500,000 ounces within the local vicinity of Cononish !
There is also the other Local targets but you'll have to forgive me from mentioning them as there is far to many ! lol
All from memory so forgive me if I'm slightly out .
36m not for sale , tick tock https://www.flickr.com/photos/93177156@N07/
SGZ Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
