RE:RE:Building out longWell there is another way of lookiking at the same set of facts. Todays mill heads are indeed around 8 gram but showing signs of falling . Say 7.0-7.5 grams over the next 6 months. And yes exploration numbers give reason for optimism in 6-8 months time. The last bonanza stoping block was about two years ago. Cleo managed to produce mill heads of around 11.4 grams. Lets assume 12 grams as a target for Q1 Q2 2022. . Thats imples around 480,000 ounces annually.
However this operation has NEVER lived up to hopes and expectations so this target shoould perhaps be discounted somewhat and the ability to maintain annual preoduction at this new level is 100% dependendent on on going exploration to generate new reserves.......also seems doubtfull.
What POG will be in early 2022 is unknown but it seems very doubtfull that it will reach levels achieved during 2019 / 2020
Place your bets accordingly after Q2 numbers are out tghis week.