Given last week's releases, I have updated my previous post regarding the key announcement schedule:
1. Initial resource estimate for Tally Ho - end of June (previously - before 18th April). 2. Merrill Crowe unit commissioned and operating - mid May (previously - early May). 3. Crushing/screening circuit upgrade completed/commissioned - end of June (previously - early June).
Quarterly stated that "Improvements to operating procedures and throughput continued in the Crushing Circuit pending the Stage 1 upgrade".
Production of 73,000oz Ag for the March quarter equates to crushing/stacking throughput of approx 8000 tonnes per month which is very poor. I believe the target throughput prior to Stage 1 upgrade is approx 25,000 to 30,000 tonnes per month . This would equate to approx 229,000 to 275,000 oz Ag/qtr according to my calc's.
Let's see if we get an interim production update for April.
DYOR.
MMN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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