RE:RE:RE:RE:RE:RE:Q4 figuresjicoop wrote: Nothing spectacular, more of the same old fluff that they have been spewing for years. Market just loving it this morning .. .NOT !!! keep kicking the can down the road gang.
Gotta love the wording about the ole rotting oxide stockpile, or at least whats left of it . Same old lines about it , over and over, and so far we have nothing. Copper alone worth almost $300 Million in the stockpile, yet they want to explore new holes and Taguas and such. What a joke.
Want proof , here is the exact verbeage from Feb 7 , 2017 news release, you can look it up doubters :
- The Company is also expecting to increase mine life at Don Mario through the processing of 2.2 million tonnes of oxide stockpiles with an average estimated gold grade of 1.84 g/t. Oxide stockpile studies are underway and are expected to return results during the second quarter of fiscal 2017.
4 years and counting now....anyone want to even try and defend and/or explain this ??
Don't waste our time.
Coop
Jicoop, if you anyway took the time browzing back to 2017 with early ideas of reprocessing the oxide stockpiles you must also know/have followed the development in the reports in-between. In Q3-Q4 2017 reports Orv reported they tried some options of reprocessing the material.
In beginning of 2018 they went silent on the OSP, obviously they encountered issues in reprocessing the stockpile using stockpiled material as part of the blended feed going int the processing plant and had to come up with a different solution. Also focus in beginning of 2018 was to transition mining to Cerro Felix.
Then in Q4 2018 they concluded that they would need to implement a SART circuit and leach pad.
In Q2 2019 report they state: "Engineering to develop a Sulphidization-Acidification-Recycling-Thickening "(SART") circuit, and associated leach pad, continues to progress. This undertaking is designed to add an additional three years of mine life,
starting in FY2021, for Don Mario." One and a half year later, with delays due to Covid-19, "The Project was halted in mid-March due to COVID-19 restrictions. Metallurgical testing and engineering will commence as soon as restrictions are lifted.", we still have target to get started end of 2021 and as construction takes 12 months decision has to be taken by year end. We are getting there. Time line has been fairly consisten since Q2 2019 taking into account Covid-delay.
All above you can also read in the reports if in doubt.