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Merchant2000

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27/09/18

11:16

Post #: 35876498
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Originally posted by jimone ↑

No, we did not take delivery of HM4, as I mentioned in my site visit report, Richard said that the plant would need to be "tuned" differently to handle the tailings. That is one of the reasons for the CIL test, it will tell us the best way to process the tailings and give a more accurate indication of the grades to expect. It is my understanding that if they go with a ball mill and flotation tank set up, they will be able to run the tailings through then and have a very gold rich concentrate to send to a third party CIL or process it ourselves in our furnace.. That is my understanding at any rate,, lets see what comes out in the update..

Just on the CIL testing, it is more than strictly a put it in one end and see what comes out the other end. It will be a very comprehensive report covering everything from ball mill gravity recovery to CIL and second CIL treatment.. We will learn a lot from it and give the company a few alternatives to how better recover our gold. Looking forward to seeing it, I hope it will be out soon...

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How much does a CIL gold processing plant cost. and what period of time is needed to have one on site ???

Lets hope they can get production up and don't need to draw on 2nd $2m tranche of CN anytime soon

IMO, all efforts should be on Cascavel gold production not exploration at this point in time

IMO, The Anglo JV under negotiations - has something to do with this path as why would they allocate $3m in current liabilities towards this at this point in time - when cashflows from production are crucial imo

Interesting enough $3m is the exact amount that Anglo have contributed towards the proposed JV - which many say doesn't exist ……..

DYOR

Last edited by Merchant2000: 27/09/18

OGX Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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