Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Patriot Battery Metals Inc T.PMET

Alternate Symbol(s):  PMETF

Patriot Battery Metals Inc. is a Canada-based hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Corvette Property (424 claims totaling 21,715 ha) located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette Property hosts the CV5 Spodumene Pegmatite. Situated within the La Grande Greenstone Belt, the Corvette Property hosts significant mineral potential over multiple deposit types. It owns 100% of a 217 km2 Corvette Property land package, covering approximately 50 km of prospective lithium pegmatite trend. Exploration of the Property has outlined three primary mineral exploration trends, crossing dominantly east-west over large portions of the Property's principal claim group: Golden Trend (gold), Maven Trend (copper, gold, silver), and CV Trend (Li-Cs-Ta Pegmatite). It also owns JBN-57 Property (39 claims, 19.95 km2, which is located nine kms south of the Trans-Taiga Road. The Property is adjacent to Patriot's Corvette Project.


TSX:PMET - Post by User

Bullboard Posts
Post by marpip3on May 02, 2013 2:41am
164 Views
Post# 21328275

RCT.V produces 222k oz Ag, 2,153 oz Au Q1 - Q3

RCT.V produces 222k oz Ag, 2,153 oz Au Q1 - Q3

Rochester is a producer with four mines (fourth ramping up. The CEO whose company (Luisman) was swallowed by Wheaton River (became a director) then bought by Goldcorp (Then he took the role of Executive Vice President of Goldcorp from March 2005 to September 2007) resides near the Mexican operation. Institutionally held by Sprott, Mackenzie, U.S Global, Libra Funds, TD and a couple of others bought at higher prices. Increased to four mine locations providing mill feed. ALONE property plant and equipment ($19 mil) worth 4 times more than the market cap ($2.7 mil). Dore bar induction furnaces to be installed at one of the four mine sites now on site. Rochester will produce more than ¼ million ounces of silver this fiscal year a production record. Reported grades at San Francisco (third mine) are as high as 815g/t

 

Fiscal 2013

Fiscal 2012

Fiscal 2011

Three Month Periods Ending

Feb 28/13

$

Nov 30/12

$

Aug 31/12

$

May 31/12

$

Feb 29/12

$

Nov 30/11

$

Aug 31/11

$

May 31/11

$

 

Operations:

Revenues

3,286,485

3,260,806

3,133,422

3,334,965

3,240,926

2,869,242

2,189,572

2,413,413

 

Cost of sales

(2,373,208)

(2,128,328)

(2,438,057)

(1,454,262)

(2,086,678)

(1,576,911)

(1,796,118)

(1,533,938)

 

Silver production increased to 81,830 ounces in Q3. March is 4 weeks only 1/3 of Q4 quarter. New power grid and shorter access road at third (of 4) mine at San Francisco being built. Reported grades at San Francisco (third mine) are as high as 815g/t

 

RESULTS

Q1

(Jun-Aug, 2012)

Q2

(Sep-Nov, 2012)

Q3

(Dec-Feb, 2013)

ACUMULATED

Q1, Q2, Q3

March

2013

Tonnes Processed

17,390 Tonnes

17,009 Tonnes

16,573 Tonnes

50,971 Tonnes

6,019 Tonnes

Gold Grade

1.81 g/t

1.25 g/t

1.23 g/t

1.43 g/t

1.27 g/t

Silver Grade

214.32 g/t

216.86 g/t

249.43 g/t

226.59 g/t

233.97 g/t

Gold Recovery

92.85 %

90.76 %

90.40 %

91.56 %

90.55 %

Silver Recovery

57.66 %

60.34 %

61.57 %

59.92 %

62.16 %

Gold Produced

941 Ounces

620 Ounces

592 Ounces

2,153 Ounces

222 Ounces

*Gold Sold

926.866 Ounces

610.236 Ounces

583.439 Ounces

2,120.540 Ounces

218.925 Ounces

Silver Produced

69,097 Ounces

71,554 Ounces

81,830 Ounces

222,482 Ounces

28,147 Ounces

*Silver Sold

67,024.24 Ounces

69,407.840 Ounces

79,375.066 Ounces

215,807.143 Ounces

27,302.622 Ounces

Gold Equivalent Produced

2,148 Ounces

1,986 Ounces

2,124 Ounces

6,258 Ounces

731 Ounces

Developed Meters

1,295 Meters

1,467 Meters

1,021 Meters

3,783 Meters

363 Meters

Samples Taken

8,380 Samples

9,092 Samples

9,728 Samples

27,200 Samples

3,387 Samples

Diamond Drilling Meters

0 Meters

0 Meters

0 Meters

0 Meters

0 Meters

**Access Road Kilometers

0 kilometers

0 kilometers

0 kilometers

0 kilometers

1.4 kilometers


Bullboard Posts