RE:RE:Head grade first months of production What should he say? He is a promotion man.
many promises couldn't be kept. No capital raising, no infill; just mining;
maybe without ni43-101 ...
this problems will have an impact for the business case of Karratha and Egina too.
VilleValium wrote:
HuberPeter wrote: headgrade mid Feb - mid
Using the md & a and financials from q1 and the md & a, I analyzed an approximation of the head grade by mid-April.
Q1 / 21
first pour oz mid Feb21
revenue: 7.6m cad valued at 1800 usd / oz = 3400 oz sold
stockpile: 800 oz + 150 oz in the circuit results in approx. 4200-4500 oz production for 1.5m including tailings
= approx. 2,900 oz per month in the ramp up Feb and March
April - Mid May oz sold: 8800 + 1000 oz stockpile incl circuit
= approx. 9800 oz prodction ergo: 5400 oz production for 1.5 month = 3.600 oz per month (90% utilization)
processing: 108,000 April (md & a) + 60,000 half of may = 168,000t
Head grade: 0.9 - 1.1 g / t
Recovery: 92%
I find it particularly problematic that the headgrade did not recover in April until mid-May. According Pea a head grade of 2.16 g / t is targeted. It will be interesting to see how the headgrade changes with the processing of the high-grade reef. However, according to the PEA, a head grade of approx. 2.1 g / t was also shown in the first year.
As feared, this is not a ramp-up problem and no significant improvement is to be expected in the next few months.
Peter
Really? So then why will Q be saying the opposite when he does his interviews this week. Normal startup issues. Mere mortals cant understand how complex this stuff is.
VV