MCO were getting approx 2 g/t from their plant at the end. Eerily similar to another company also using a gekko plant, they expected high returns and nearly went broke.
They went back to an old time method of using a hammer mill and sliuce, hey presto from over 30 one ton samples averaged over 1oz/t. It seems a finer grind was needed to liberate the fine gold.
They started with a 25 kg per hour mill, then a 250 kg and have now bought two 25 ton hammer mills. A 25t/hour mill costs $25,000 so a 25kg per hour starter would cost next to nothing.
Just wondering if the same thing was happening down at Woods Point. Maybe at a cost of a few grand they could stick some tails through and see if a similar problem existed.
OGX put a 5 ton sample of tails through and returned 10g/t + on average.
By the way I bought into OGX about 6 weeks ago and am now horrified to see it in the most discussed list as that list seems mostly to indicate impending doom!
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