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Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals
Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Core Gold
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Comment by goindwnon Sep 19, 2014 1:34pm
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Post# 22952804

RE:RE:RE:RE:RE:zaruma techical report filed on sedar

RE:RE:RE:RE:RE:zaruma techical report filed on sedarSolid report.  And while I appreciate all of the positive thinking on this board with respect to the processing rate, I am a little jaded when it comes to management proclamations.  In this case the exact quote is:

"The processing plant is currently operating at between 700 tpd and 800 tpd of feed, although it has the capacity of about 1100 tpd."

The operative word being CURRENTLY.  It could have just started today, and they may be back down to 400 tpd tomorrow.  What I can almost assure you is that they will not be operating at this rate for the entire quarter.  Recall that they have been operating the plant in batch mode.  So going from batch mode to a continuous 700-800 tpd is too big of a step change.  I hope for all of us longs that is the case, but I very much doubt it.
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