RE:RE:RE:output per day overview>> They will declare victory once the 6000 monthly target is sustained <<
Depends on how you define victory. I would consider declaring commercial production as one important victory.
Industrial Alliance report says
"Commercial production will be achieved when the mine reaches 60% of the 75Koz p.a."
0.6 x 75k oz/yr = 45k oz/yr
Divided by 12 months = 3750 oz/month
May production was 3094 oz
Aren't they already very close to the commercial production rate? Two or 3 months sustained at 3750 oz and they can declare commercial production.
Fullplate wrote: Monthly reporting obscures the weekly production numbers, and that avoids scrutiny and reaction that would occur if there were any weeks where production declined. The May numbers reported were a bit low, but if weekly production is now reaching 1000 ounces, there's a chance to get near the annual target. My guess is that they will reach the 6000 ounce monthly production target by year end, but not in time to hit the annual production target. They will declare victory once the 6000 monthly target is sustained, and that will certainly satisfy me if it happens by early fall. We will know a lot more on all of this after they report on June production.