GREY:OLEPF - Post by User
Comment by
arlene2on Jan 30, 2013 11:29am
139 Views
Post# 20911560
RE: Teranga lowers production.....
RE: Teranga lowers production..... Tony----I do believe that Tgz wants , but needs , not only the ounces Ole has but also the higher grades of ore that Ole has...........Tgz produced approx 70,000 ounces in Q-4 2012 (ore grade 2.04 g/t in Q-4) and only forecasts approx 200,000 ounces for all 2013........ The avg grade of ore Tgz processed in 2012 was 1.98 g/t ..........Ole,s higher grades would not only produce more gold with the same thru-put but would probably lower costs back under $6.50.....Comments ??