As the material on Laverton's Granny Smith Pad one week before its latest run started on the 9th was pretty dismal and only half of that allocated run time would have been processed,what does that leave for Coolgardie.
My guess-
10k from Laverton 13,127 Coolgardie.
even if Laverton's producing at 25koz rate for this run,then COOLGARDIE MUST HAVE PRODUCED AT LEAST 10000oz up a QTR
If you think i'm wrong it might be worth heading back to the 2010 resource list for the pits they are currently picking into and how many ounces/what grade they likely probably contain,rather than the low defined numbers they have since listed and then exceeded on the first run e.g. Empress first cut.
What does a 50% increase in ounces for the same tons of ORE MILLED do for costs?Or put it another way what does the extra cash from 6000 ounces($9m) at $1500 do,if that rate continues on?
150 koz/yr Coolgardie? up from 90koz to June.
DYOR+DYODD This financials year production run has just begun.150 koz run-rate would be catch-up on all missed ounces to date and put FML where it planned to be from the beginning with Dreadnought and Greenfields able to supply at least 4yrs ore on their own. P.s.that's the ore the plant was originally rebuilt to handle,the rest until now has been low hanging fruit,or needed for other site/resource/access and developmental purposes. I Expect a 5yr defined site life this QTR.
FML Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
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