have you read the quarterly?spend on mining was $4M......you...

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youwishfood

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16/11/22

15:56

Post #: 64811929
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Originally posted by Dbdesigns: ↑

M Youwish, mate the Scoping study also says mining costs for all the ore from Comstock 411,000 tonnes for $1.3m and Shamrock 1,458,000 tonnes for $5.2m. So scoping study says total mining for both is $6,500,000. For that we get 133,000 tonnes total. 34,000 tonnes from Comstock and 99,000 tonnes from Shamrock. Scoping study says:133,000 tonnes ore for $6.5m.Reality: quarterly says: 61,000 tonnes ore mined total expenditure for quarter $16.7m. So seems cost per tonne of “ore”mined was supposed to be: $6.5m or $48.87 per tonne. Reality: $16.7m spent in quarter for 61,000 tonnesOr $125 per tonne of ore mined. Almost 3 times the Scoping study. Ok TBA also drilled 5 drill holes as well in the quarter, so deduct that. It in reality the Company only produced 61,000 tonnes and spent $16.7m. Can’t put lipstick on a pig. The question is “how and why” wasn’t the scoping study budget followed.? I think pretty clear : There are obviously no Budgets or if there is no one gives a toss. Now looks like gojng yo out the high grade ore thru the plant first and send the majority of the gold to the tailings of Oldcar on the money. What would you name a book written in this mess? Please do your own investigation. These numbers I have taken from the companies own announcements and the scoping study reported on 26th July 2021 TBA ASX platform. Use your own investigation if investing. If I’m wrong anywhere happy to be told.

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have you read the quarterly?

spend on mining was $4M......

you seem to jump from different issues, one minute the trucks are the wrong size next the site has no power?

TBA Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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