G79 0.00% 2.7¢ goldoz limited

Patience! - Explanation for the red on 17/10, page-182

  1. 1,468 Posts.
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    "2M cts in FY2019 is feasible and they may exceed !!"

    But much better to substantiate, eg:

    Inventory of 352,260 cts less 277,852 gives 74,404, add 19,000 stolen = 93,404crt increase in 20 days of prdn which is equivalent to 4,670crts/day (or 1.18m pa allowing 2 weeks holidays and 2 weeks maintenance)

    CJ made mention in his last video clip that the plant is now processing at the rate of 500kt pa and I assume recovering about 0.5crts/t so plant is producing at about 250k crts pa now. As tot prdn is currently around 1m crts pa means AM’s are doing about 750k crts pa.

    Announced expansion of the plant is from 500kt pa to 1 – 2mt pa. Assuming they achieve the average of 1.5mt which would be 3 times current throughput, so 3 x 250crts = 750 crts pa from the expanded plant. Add the existing AM production of 750crts and easily get to total prdn of 1.5m crts pa. Expansion of AM production by 50% would achieve total of 1.875m crts with 2m crts pa not beyond the realms of possibility.
 
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