RE:RE:RE:RE:$113,797,271 of liabilities in 2021Greatdaysahead wrote: So.. from now up to March, I guess my two screens will be : POG and weather in Yukon :-)
Quid : 20K for 1Q 2020 : is this a complete guess ? TIA
Yes of course 20K for Q1 2021 is a guess but an educated and probably quite conservative one.
This is from a post I made on October 15:
Using the company's numbers for the first 9 months of 2020, there have been 138,000 oz. placed on the HLP to date. Using a recovery rate of 76% means that there are/were 105,000 recoverable ounces. Of that number, 66,000 ounces have been recovered, leaving 39,000 ounces left to recover without placing any additional ore on the HLP in Q4.
If we assume that that Q4 stacking was no better than the 1.9 million tonnes placed on the HLP in Q3, then assuming everything else being the same re grade and recovery, that would add:
(1,900,000 x 0.85 x .76) gms or 39,500 oz to the pad inventory. Added to the pad inventory at the end of Q3 of 39,000 oz gives 78,500 oz available to be recovered in Q4/2020 - Q2/2021.
The complete leach cycle is 150 days, but better than 90% would be recovered by the end of Q1 or a total of 70,650 oz. I am using just 57,000 oz total for Q4 and Q1 - a very low bar to meet.
I don't think you need to worry about Yukon weather since secondary crushing and stacking will be suspended for Q1. Very cold temperatures will have little to no effect on mining and primary crushing operations. Also Q1 costs will be significantly lower because of reduced operations.