So to get things rolling we always begin with Production.
Here are a few of the comments made and you can kind of get a general sense .
In April there was scheduled down time for commissioning the dome. Down time is very impactful if it spans over 4 hour because after 4 hours, the plant loses floatation and the recoveries drop from close to 70% down to the upper 40's. It then takes 48 hours to regain proper floatation, so we felt that we could lose up to 4 days of production in a 30 day month. More discussion points where it was theorized that potentially the refeed system that was put into production in February may have been able to allow the plant to continue during a 2-day down time and floatation would not be lost. I will leave this with you guys to discuss as we are not sure one way or the other if this was possible.
If you look back at the Q3 info you can see production was heavily impacted by winter weather and the lack of the dome. In Feb the refeed system was in use and appears to have helped along with warming temps in March. They even had multiple days of 710 to 750 tones per day ( you need only) 620 for nameplate)
The grade had improved to 1.24% which was helping recoveries. This is likely to stick around for the rest of the year.
Our guesses for production with all of these discussions ranged from a low of 46,000 to a high of 52,000.
I would be good to leave this discussion point here for tonight and allow comments and other viewpoints. I will get on to the next item up for discussion tomorrow
SYA Price at posting:
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