GREY:PTQMF - Post by User
Post by
wwadehammeron Nov 17, 2013 2:56pm
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Post# 21913999
Doesn't Add
Doesn't Add Paul, I agree that there's something wrong with the F20 numbers for 2013 and 2011 gold produced by the mill. Same as you, I get 76,669 ounces for 2013 and 63,832 for 2011 based on the gpt. 2012 looks ok. Don't know why.
I couldn't find or breakout the value of the aggregate inventory on the balance sheet. Maybe it's being sold to FQ as fast as it's produced. Again I don't know.
F20 shows 37,786,000 tons of aggregate available. I guess sales price of $12 per ton with oullins profit of 30 percent. Gives Revenue of $454 million and profit of $136 million. FQ is contracted for $100 million so there's $350 million left to sell.
I don't remember what the tons per day the metzo-crushers we bought can produce but I think the company gave the figure somewhere. I think we have two now but I'm not sure. Look it up yourself I'm watching football.
Live with it, it's just a guess on my part what the mine life is. If you think it's 3 or 4 years, great. Based on the numbers in the F20 P&P remaining s/b 13 million tons at 1.05 gpt. The cut-off was .2 gpt which is pretty low so you could be right about 3 years but no way 4. If they run a million tons a year through the mill at 2.75 gpt then the June 30 2015 and 2016 numbers would be 12 million tons at .9 gpt and 11 million tons at .8 gpt. Maximum possible tons at 1.3 gpt at that point would be 2 million tons assuming the remaining 9 million tons contain .2 gpt. Very unlikely, so I'm sticking with two years.
Best, wade