RE:RE:Glass Half Full!StewartCatso wrote: Curvature wrote: A couple of good things to say! I will leave the bad because they have all been said. 1. After all the btchin and complainin the release was on time and on point. 2. Most of the production problem were actually head grade which is a very temporary thing that happens at any deposit. 3. Copper is improving. Yes some loss of Zinc but not so much. Looks like they are moving forward with the fix. At any rate nothing drastic with some positives going forward! The test will be to keep this momentum going!
I will add the following comments...
First a correction...Head grade is on spec
https://www.nevsun.com/projects/bisha-main/#production Second...There is Zn that was produced off spec which may be sold at a significantly reduced price which will add to revenues.
Third...There are other by-products which will be payable (but not mentioned in release). Just consider this...of the 1,189,000 tonnes milled there is .56g/t to .68g/t gold contained which based on the Cu recovery (42.2%) could add anywhere from 0 to 8000 ounces of payable gold which is worth as much as $10 Mil.
Curvy... Yes you are correct for the quarter.
This is technically not a problem as the overall deposit Zn grade is 5.57% and will vary within an exceptable range for processing. So 5.3% is not necessarily
temporary...It's a given. The company uses this tactic to divert attention from the real problem...metal separation.
Effective December 31, 2015
| | Total Reserves (Proven & Probable) |
| | Tonnes
(1000's) | Copper
% | Zinc
% | Gold
g/t | Silver
g/t |
| Oxide | 300 | - | - | 13.7 | 415.2 |
| Supergene | 869 | 2.18 | - | 0.56 | 14.5 |
| Primary | 21,032 | 1.10 | 5.57 | 0.68 | 43.9 |
| Total Probable Reserves | 22,201 | |
