Spur Ventures Inc SPVEF

Metals & Mining Industrial Metals & Minerals

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."

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Spur Ventures Inc > The real numbers behind AGB revealed

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Comment by Robfrodon Apr 10, 2019 12:31pm

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Post# 29607570

RE:RE:RE:The real numbers behind AGB revealed

When the mill is operating they process 300+ tons per hour = 7200 tons per day.

Assuming 91.3% mill availability (industry standard) = 6573.6 tons per day

Assume there is 270 days left in the year (actually 275 because Q1 is short) = 1.774 Million tons processed for the rest of the year.

LOM head grade 1.4 g/t (might be higher since Q1 was lower) = 2.485 Million grams of gold through the mill.

Recovery of 95% (Q1 was 95.1%) = 2.361 Million grams of gold recovered by the mill

31.1 grams / troy ounce = 75,903 Oz

+ 19,612 Oz from Q1 = 95,515 Oz

Which is right in the middle of their guidance.. considering all the parameters above are pretty conservative and that everything runs smoother in the summer I think the guidance is more than reasonable.

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