GREY:RNKLF - Post by User
Post by
factRbeston Mar 08, 2018 8:54am
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Post# 27681592
He are a few simple questions if anyone whats to
He are a few simple questions if anyone whats to give them a go.
1) Are you statisifed with the status quo at Beta Hunt ?
(Tonnage and grade recovered)
2) If not what do you want to see happen to remedy the issue from number 1?
3) Do you think the remedy you listed in number 2 is doable?
Me
1) NO
At issue is the grade and if it is not high enough digging more rock means losing more money
2) The grade needs to improve dramatically
3) NO
After 2 years of mining Beta Hunt for gold (after switching from nickel) they have never achieved any meaningful increase in grade. Based on that (consider it a 2 year bulk sample) the grade on average will come in at 2 to 2.5 grams.
Yes there will be high grade zones but what matters is the average. I mean life of mine average and not 2 weeks at the end of December which is what RNX used in their last production statement.
With all sincerity I would love to hear what I am missing.