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22/07/17
13:07
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Originally posted by chris1983
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I think the fact they lowered costs by $44 an ounce in the quarter goes to show the potential. This was off the back of two ordinary months at the start of the quarter. They still only pushed through milled grade of 3.12 grams per tonne for the quarter. They should be able to improve on this. A minimum 3.5 grams per tonne milled should be their target. I'm not sure if it will happen this quarter during the changeover of contractor but I'm hoping it still does.
March quarter was 2.75 grams per tonne with AISC of 1475. Then the current quarter was 3.12 grams per tonne with AISC of 1431. This is without the additional 100,000 TPA that will occur from the mill upgrade. The scope to lower costs further doesn't look unachievable by any means.
The fact they are now into the supergene zone at Tarcoola and they are also able to target multiple mineable stopes now in challenger means they should be able to continue to improve upon grade milled.
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Don't forget our joint venture with TYX people.
WPG could be the next NST, we just have to be patient.
Unfortunately we won't be rich over night. In my opinion management is travelling well and the upgrade and new contractor was a must to move forward.
http://www.*.com.au/companies/news/...-plans-expansion-to-gold-resource-181245.html
GLTA and AIMO