GW1 4.00% 4.8¢ greenwing resources ltd

Hi Ricky, Yes its exciting stuff and also one questions ones...

  1. 247 Posts.
    Hi Ricky,
    Yes its exciting stuff and also one questions ones calcs thinking this cant be that good.
    The 9000kt you mention is - two years of copper concentrates contained silver.

    My calcs were based on annual prodn in which I included 4500t of Cu conc (at 4374g/t Ag)
    27000t of Pb conc (at 478g/t Ag)
    and
    53000t of Zn conc (at - lost the slip of envelope!)
    which gave the result.

    Maybe I am missing something here myself but I assessed what I thought was the projected mined and processed rate of resource without looking at recoveries.
    If the payment for silver credits is based on only 65% recovery its not as attractive - but its all so far an overlooked bonus with stress on bonus because of the increasing silver price.
    Cheers J
 
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