Shareholder Group, page-201

Matty, yes it would give Artemis quite a boost.   A Tomra machine, like the one Novo used to process the 4 bulk samples recently Anned, can process 1500 tons per hour.  If Novo operates at Purdy's for 2 shifts a day (16 hours) with one Tomra sorter, they can process  24,000 tons per day.  Based on the bulk sample results, the 24,000 tons would be reduced to 2% of original mass or 480 tons containing 80% of the gold.  Novo would then agglomerate the 23,540 tons that wasn't sorted out and re-run it through a second Tomra sorter  hoping that a lot of the fine gold could be separated that way.  The second sorting would produce a concentrate of less than 1% of original mass contain 10% of the gold.  That would be 230 tons.  So each day, you'd have 710 tons of concentrated ore to send to a mill for final processing.  That's just above the capacity of the Radio Hill Gold Circuit but not by much.  At 3 gpt, you'd produce 72,000 grams or 2,300 ounces of gold.  At a very low cost, maybe around $100 an ounce.  Half that is Artemis or 1,150 ounces per day at let's say an after tax profit of $1,000 an ounce.  $1.15 million per day.  $420 million profit per year.  Based on QH's recent interview, Purdy's would contain approximately  8 million tons of ore bearing gold.   Approximately 1 year of operation at 24,000 tons per day.  The $420 million profit would certainly boost Artemis's SP to 50 cents.  Who know's if the conglomerates at Patch 47 are worth running through a Tomra.  The cutoff grade for $25 a ton ($300 an ounce) cash cost at today's gold price would be .5 gpt,  You'd think there would be some places along the many kilometers of exposed conglomerates at patch 47 that contained more than .5 gpt but who knows as the great Artemis management hasn't produced any bulk samples for the 2 years they've known about the conglomerates at patch 47.   Market doesn't see it of course or doesn't believe it.  If Artemis management can just stop spending money like a drunken sailor for a year, or just concentrate on the conglomerates, it should be alright.  But again, the market has lost faith in management.