RE:RE:According to the LBMA Q3 average gold price = 1928$USWell first off we need to know how much ore those 2 mills can handle in a quarter ( 91 days) when they arr operating at maximum capacity...Krr was supposed to have installed that ball mill at Lakeview mill to add another 200k tons/ year of capacity... Of course they don't communicate anything to shareholders about many things but I am going to assume that that ball mill is functional now... So the 2 mills can handle 700,000 tons of ore per quarter ( 2.8 million tons/year ÷ 4 = 700 k...
If they shut down both mills for 14 days each , that means they are losing about 15% of capacity , so 700k X 15% = 595 k.....
In Q3 the mills processed only 516 k tons , wheras 536 k
tons of ore went tbrough the mills in Q2...
Because of the big drop in Q3 ore tonnage compared to Q2 , It looks like they already did a shut-down but I don't know...
But getting back to whether they shut down for 2 weeks or not, the mill capacity would still be about 595k. They did 516 k in Q3 , so there is plenty of excess mill capacity to be utilized..
Another point I want to make is that the ore grade of Beta Hunt was only 2.1 g/t in Q3... I think the norm is usually 2.6 g/t so if they go back to the normal grades they should produce a lot more gold out of Beta Hunt in Q4...
The 2 ramps should be providing access to 500 k tons of Beta Hunt ore 330k from ramp #1 and 170k from ramp #2..
500 k x 2.6g/t net = 41,800 gold ounces + 17,200 from HGO = 59,000 ounces in Q4 or 236,000 annual pace
So KRR management is sort of sticking to their 2023 guidance which is 160 k ounces on the top end even though I am showing a plausable potential production amount of 59,000 ounces..
So, we know that ramp #1 can take 330 k tons of ore, but why is ramp #2 not able to take more ore than they are projecting?
Anyways lots of questions but no answers at this point... But if they do only produce 40,000 ounces in Q4 , for whatever reason, that just conserves the gold for next year when gold prices should be higher...