This was an excellent announcement. It's the first time where we have enough information to confirm the grades.
Producing 5786 oz from 125411 tonnes of material with a recovery rate o 92.5% equates to 1.55g/t. This is consistent with all their modelling. Lower output appears to be a result of 4-5 days shutdown.
If the same output continues through January, would expect the following:
200tonnes / hr x 24 hrs x 27 days x 1.55g/t = 200,880grams or c. 6459oz. This is base scenario (more likely).
Potential upside would be 220 x 24 x 31 x 1.55 = 8,157oz (less likely).
MOY Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held