OK, after re reading the message a few times and doing a bit of research I am revising my figures to 13kg of gold per 1 tonne of gold sulphide concentrate with 100kg of concentrate per 100 tonnes of tailings equals about 3000kg of concentrate, so 13 times 3 tonnes of concentrate equals 39 kg of gold times 32.150747 troy ounces per kg (32.150747 troy to 1 kg of gold) equals about 1254 ounces of gold at a conservative price of $700 per ounce comes up with an easy income of just under $900,000, not as good as my first estimate but still not too bad. This is just from the 30000 tonnes of tailings at the plant mentioned in todays release, so I would assume a similar formula might also apply to the other 90000 tonnes of tailings they have access to. What this all indicates to me is it would appear they have a much more efficient process of gold extraction than that which was employed by the previous mill owners and I am eager to hear what sort of numbers they come up with when they start processing their inground gold.
GBM Price at posting:
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