RE:Info received from the company in September
Morzo, greetings and thanks for posting those notes.
Previously SCM said that the 2nd alluvial unit would start June/July 2013 latest, and that each would process 25,000 m3 at .3 to "+1" g/m3, that is 250 to 800oz/month. They don't say what the recovery is though - low I believe, and the actual "rock" grade is very difficult to measure too, the only useful figure is the oz/m3 produced, if anyone knows!
They've been at this alluvial since 2010 (Feb 2010 NR re "test" mining, production due in May!)
In Oct 2012 they claimed 49.7 oz/week, that is 200oz/month so is MORE (double) than the Oct 2013 figure they gave you (80-100), I can't think of an explanation for that. [They did do a big rebuild at one point as the equipment kept erroding away I believe, but I don't see how that explains a halving of production.] Any thoughts?
The figures they gave you show that in October show 100oz max estimated vs the calculated 250oz as the lowest expected per-unit production ozs potential. Perhaps we can deduce less than 50% recovery (100/250=40%). I assume one unit.
Next question is, why a jump to Nov-Dec and then another jump in 2014. If a 2nd unit is added (late, was due in June), then why not just one jump?
There are just too many ifs and buts to work this out (unknown recovery and number of units and actual grade), but they certainly have not delivered the promised ozs when they were due, and they seem to have decreased over the year!
As for the hardrock. You asked about a BFS, the 2nd reply mentions a DFS. I'm not sure what, if any, the difference is and whether a distinction was implied. Any ideas?
Nice to see we are (or actually, were?) due something soon?
Oh well
MD