Rio Alto Mining Limited RIOAF

RE: RE: RE: RIO'sTidal wave

[eebler]

The Q1 numbers came from their financials issued May 14 and as pre-announced in an operational update April 16.  The 40k ozs for the first two months of Q2 came from their recent presentation at the Scotia Latin American Mining conference in London held May 29-30 and have to give credit where it is due to Otto over on the IKN site for picking up on the numbers.  I can't remember where I got the headgrades from, but after recoveries the actual recovery grades are running around 1.26 g/t so working back from there is where I got the 70% recovery rate.  I remember reading that the avg headgrade in Feb was something like 1.99 g/t which is how they managed to achieve recovery grades of 1.56 g/t for Feb production.