Looking forward Now that the euphoria over the permit etc has settled down a bit perhaps its time to evaluate what comes next.. I think there is now an acceptance that 3800tpd will not occur untill Q3 2019 at the earliest. However , I do believe that daily mill tonnage will be raised to around 3000 tpd as early as next month. At an assumed grade of 12.4 grams ( 0.4 ounces per tonne) that would give a Q1 production of around 110,000 ounces. ........ and that of course is an annualized 440,00 tonnes.
But of course it will be the release of Q4 2018 numbers in early January that will be the next news release. Untill last week , I had doubts that guidance would be met. But I now believe differently. It is small , and very subtle, but there is a suggestion in last months presentation rhat over the last 3 or 4 months, PVG has been mining and processing Cleopatra vein material again.
If , true, there is a possibility, tending towards a probability that Q4 will show close to 14 gram head grades, and production of 110,000 ounces.
For my fans and my critics , take those predictions as you will , and make your investment decisions accordingly. Basically , if I were short , I would be looking to cover very soon and possibly re establish a position if I had some negative long term views