RE: RE: Ten trading days left? I have tried to post my analysis along with data inputs and assumptions for silver and gold production here on stockhouse twice. Once late last night, which would not send, and again this morning, which disappeared before I could send. The calculations are back-of-the-envelope type but a fair amount of digging and thought went into them. I have not taken the time to review the calculations so treat results with caution. That said, silver and gold production over the period April 23rd through December 8th are as follows:
Ag approx. 250,000 ounces.
Au approx 160 ounces. (I used the second dore bar reported for gold concentration at 0.06% as the first bar's concentration does not fit Lenic's description of gold contamination.)
The open pit has a relatively low grade of silver at 2.2 oz per ton and this is the main source through October. The mine is higher grade but mining awaited the completion of a new shaft and my assumption is that did not happen before November 1st so the higher grade mine resource (8.5 oz. per ton) was not in production until that date. Lenic reported in Stockholm in early November that the sources were 57% NI43-101 and 43% non 43-101 so I assume the 43% was open pit.
There are a few production data points given to use for my production estimates. Start 4/23, report 6/6 one in September and the last reported in Stockholm on 11/10.
Questions/corrections welcomed.