Was Any Gold Produced In August & September?, page-46

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Merchant2000

21,950 Posts.

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11/10/18

16:22

Post #: 36088599
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Originally posted by batboy ↑

well i hope you're wrong Td

its clear that the fix was not just changing to a hammer mill because as you say we would have heard great results by now. so suppose production will be below expectations again

so the CIL results are very important
you say they are likely to be poor and that the company is delaying the release or hiding them
again i hope you are wrong

what the grade of tailings will be is a guess and again i hope your wrong
the last report was 9.7 gm ton from a sample
hopefully its around there
any amount that can be economically recovered would do

but i think thats secondary

what i want to know is
what is the grade after dilution from the mine
how many tons can they / are they mining
does grade really improve consistently as per the panel sample results reported from level 6 and beyond and does the vein thicken the deeper they go as suggested by the modelling

are the CIL results good from the mined material and do they give us the solution to the problem of recovery that we all suspect has been significant with gravity alone

if so whats the immediate way forward to generate enough cash to support the company and allow for plant improvements/ new plant at seretao / exploration activity

do we have enough money to pay the creditors in the short term

bla bla
we wait

Expand

“do we have enough money to pay the creditors in the short term
bla bla
we wait”

Batboy between now and Feb 2019- CRH payments alone are $3.5m plus cash excluding other expenses ( refer last quarterly and annual report)
If required let’s hope they can get a small CIL plant for under $7m cost as has been stated here previously prior to above payments deadline

Dyor

Last edited by Merchant2000: 11/10/18

OGX Price at posting: 2.1¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Was Any Gold Produced In August & September?, page-46

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