GREY:PTQMF - Post by User
Post by
wwadehammeron Mar 31, 2012 8:45pm
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Post# 19744150
Estimate Grams Per Ton at 1.3
Estimate Grams Per Ton at 1.3 Assuming the mill was operating at 3,500 tons per day, the feed averaged 1.3 grams gold per ton in the 3rd quarter. Where is this 3 grams and greater per ton ore that's supposed to be available. My numbers might be a little off but not that much assuming they didn't shut down the mill for a portion of the last quarter. Why in world would you mine the garbage ore when you desparately need to obtain more gold to finance expanding operations? None of this makes any sense. You could guess that they want the SP down in order to buy back cheaply but they don't have the money for that. I'm at a loss. When are they going to process the high content ore, when the SP hits 25 cents?