RE:RE:RE:Estimates for upcoming PEA and future goldproductionEven if I use the recovery and costs from the stockpile project as a benchmark for /tonne (trucking crushing processing) or % of OZ (commissions), the biggest issue with the stockpile project was that the actual output came in quite a bit below what we were expecting. Actual recoveries weren't bad at all (I believe), which means that the indicated amount of the resouce was way off.
Thanks for pointing me towards the resource evaluation from SRK - not sure why I didn't see that before. However, the same report talks about an inferred amount of gold as being 2.9K oz over 21k tonnes at a 2g/t cutoff. The fact that ORX processed upwards of 25K tonnes in the stockpile project and it only yielded 1.4K oz of gold brings into question whether we should extrapolate that over the open pit or underground zones of the mine. I imagine a PEA will try to incorporate the information from the stockpile project which in turn should provide a little more clarification about what the expected resoruces from the project would be.
Also not sure what the other associated costs could be. Previously the stockpile was already there - for open pit mining, what sort of costs would we expect prior to crushing?
I appreciate your thoughts on the matter - you seem to know mining and the company better than myself for sure.