RE: Production: 55k Gold Oz/Year for 2011If theywere to hit their 5000 TPD target processing rate for Jan 1, 2011, andassuming:
1) The Gold/Tonne retrieved is the sameas the indicated value on the 2010 NI 43-101 (so 1.28 g/t)
And, if weuse a 5 day work week, your Gross gold output would be approximately 54,600troy oz/year for 2011.
Obviously,many factors come into play and this is a very rudimentary calculation - themost basic one you could make, but it does give one an idea of potential andpossible production in 2011. If it was a7 days/week operation, you can add another 22,000 oz on top of it.
Calculation:
--> 5000 tonnes/day * 1.28 (grams/tonne)= 6400 grams of gold retrieved/day
--> 6400 Grams/day * 260 work days = 1,664,000grams per year, or 53,600 Troy oz of gold produced for calendar year 2011.
B