RE: RE: RE: Management Discussion on Sedar
March 1- "The first concentrate shipment consists of 31.2 tons of concentrate grading an average of 22.8 ounces per ton of gold, containing an estimated 712 ounces of gold in concentrate. "
(End of Quarter) March 31 - "During the quarter... concentrate
shipped during this period (45t) contained a final settlement of 810 ounces of gold."
May 14 - "Subsequent to March 31, 2012, the Corporation has completed two additional gold concentrate sales of approximately 37 tons of gold bearing ore."
I wonder if they mean 2 shipments of 37 tons each?
first shipment - 31.2 t - 710 oz --> 23 oz/t - March 1
second shipment - 13.8 t - 98 oz --> 7 oz/t - March 31
next shipment(s?) - 37 t - ??oz --> ?? oz/t - May 14
Sounds like the gold ran dry, to be honest. Mined a high grade pocket for the first shipment and haven't pulled much out since? Or are they stockpiling concentrate now too? Even if the 37t (x2??) shipment(s?) each have concentrate with 50 oz/t it's still quite a way short of the 100 oz/day they put out as a rumour a few weeks ago.
*sighs*