CGT 0.00% 21.0¢ castlemaine goldfields limited

producing gold in september, page-19

  1. Osi
    16,216 Posts.
    lightbulb Created with Sketch. 201
    Now what? "5,000 and 8,000 ounces of gold will be produced for the 2011." And we see the revenue trickle but grow.

    Not bad targets really ..... when you consider both the ramp up and the limited production duration for the year... on single shifts for a while.

    Mining will continue whether or not the sulphide leach circuit is getting a service. There is IMHO huge excess processing capacity to quickly gobble up anything that is produced onto an ore stockpile between now and years end (and advantage of having lgl's processing facility). I would imaging that the low grade or being used for commissioning purposes is actually quite valuable at current prices.

    For me .... I sit tight. I also note no interest in those oilers of mine that have hit good hydrocarbon shows in the past week or so. The market isnt interested until quarterlies it seems. There seem to be big buy/sell gaps on a lot of stuff. For CGT the December quarterly will test the reality of the projections.

    cheer
 
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