Franks Responsemakes sense to me....
The price of gold moved so we moved inline to the change as follows:
At first 500 tpd at 2 gpt = 1000 grams per day.
Then 700 tpd at 2 gpt = 1400 grams per day.
Now because price of gold moved:
Now 480 tpd at 3 gpt = 1440 grams per day.
By increasing the grade we hope to lower the cost per ounce and capital costs for the plant.
The grade has not been selected as of the moment. We are still roughing in the plant design and grade to be mined. The grade of the deposit when it was mined was 9 gpt.
As work for the permitting process was being undertaken, the consultant discussed with us that it would best to undertake a packer test now in the event we would be requested at a future date. We agreed it best be done now even though we may not be ever requested by the ministry. Better now than in the winter.
Frank