Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:sellers scared

[yaponski]

halcro wrote:

Red...Stockwatch told us on July 25 that BGM had trucked 75 loads of BL ore to the QR mill.
Dore recovery was 404 ounces at July 24 and, at 85-per-cent gold, that's 343 ounces. 
Not much gold from 75 truckloads, and there doesn't seem to have been any throughput since July 24. Mill shut down for adlustment? Mill shut down...period?
he $11-million Snowden/Apex wish list hasn't been mentioned for almost a year.

Good stuff. Missed that news update.

So 75 loads at say 40t per load makes for 3000 tonnes. 343 ounces of gold makes it about 0.11 oz per tonne.or roughly 3.4 g/t.  Now I believe the BL ore was much higher -- measured was up around 11 g/t if I remember rightl.

So that looks like the gold recovery in the current mill configuration is as low as 35% and maybe as high as 70% if the truck load was 20t instead of 40t -- these are just swags on my part to get a rough sense of it all.
 

Well, as I may have previously mentioned, it sure looks to me like the QR mill needs a few adjustments to get that recovery rate up -- even 70% is pretty poor IMO and 35% is well an opportunity -- someone would definitely want to buy those tailings.

Mill adjustments mean major dollars and time. 

Will we see a new 52 week low in August? Perhaps especially if the GS gold target of $1050 is hit...