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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by miningmanon Sep 28, 2018 3:02pm
151 Views
Post# 28711364

RE:The Denver Webcast

RE:The Denver WebcastMost of this presentatuion is&nbsp; old news.&nbsp; &nbsp; &nbsp; &nbsp;But&nbsp; page 11 is definitely interesting IMO.&nbsp; Gold production&nbsp; the last 12 months has been reconfimed at 335,000&nbsp; and it now appears that 27 stopes have been mined out to produce these ounces.&nbsp; &nbsp;This implies an average production per stope of&nbsp; 12,400&nbsp; ounces.&nbsp; This is&nbsp; considerably lower than I would have ex[pectred ,&nbsp; but it is what it is.<br /> <br /> Unless&nbsp; &nbsp;more productive stopes are&nbsp; identified and accessed,&nbsp; &nbsp;This implies a minimum of&nbsp; 8 stopes being mined out every quarter&nbsp; to&nbsp; &nbsp;obain present guidance.&nbsp; This&nbsp; is not contradicted&nbsp; management.s previously&nbsp; stated intention to have&nbsp; 12+ production&nbsp; stopes&nbsp; available to miners at all times.<br /> <br /> <br /> It also speaks&nbsp; as to why 800 meters of development are required to keep up.  

Mill thruput of 3700 tpd will put a lot of additional pressure on  mining crews who wil need more equipment,more definition drilling,  more, camp space etc etc  to keep their heads above water.
Bullboard Posts