SEEMS TIME TO GIVE UP, page-391

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Stormboy2

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05/06/21

11:34

Post #: 53665915
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Originally posted by Greenflint: ↑

The $14.3M is based on an even spread of the allocated $24M (or $32.0/t milled) for mining/ore extraction based on the $32.08/t milled and since there is no mining/extraction cost involved in the stockpiled ore, this is money "saved" over the 54 days. The remaining $9.7M is then allocated for the extraction of Mt. Malvern ore for 305kt of ores over the final 37days. That is if the rate of extraction and the cost rate is maintained, then the AISC of $1,063/oz is maintained.

Will they put in extra effort for the last 37days to extract more ores in order to segregate the grade so that only the >2.1g/t is milled and processed in order to make the Jun qtr target? Absolutely they can put in the extra effort by spending big in the extraction of the ores. In fact the extra cost of $7.1M from the low end total AISC $28.8M to $35.9M is what I have accounted to move the AISC/oz to $1,324/oz. That is 7.1/9.7*305kt or 223kt of the ore extracted (actually more because of the generous allocation of $32.08/t milled figure used) will end up in the stockpile.

After going through the above explanation, it is looking like the whole process of working out the AISC or AISC/oz has a lot more nuances to understand and grasp. Suffice to say that time will tell. I want to enjoy my weekend.

Cheers.

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Hey Greenie,
Go to where the puck is going.
My choice is to front run the money printers.
Have a good weekend champ......

GLTAH

DCN Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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SEEMS TIME TO GIVE UP, page-391

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