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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by pathson Nov 04, 2019 3:37pm
243 Views
Post# 30306991

RE:RE:RE:RE:RE:RE:RE:RE:RE:High grade stope which failed to fall

RE:RE:RE:RE:RE:RE:RE:RE:RE:High grade stope which failed to fallI'd agree that the misfired blast is not necessarily a mistake, but due to unknowns that cannot always be accounted for. It could be an open fracture that allowed the shock wave to jump to another hole and disrupt the blasting sequence, or a soft interval that clogged the progression. This is the second instance where a blasting problem has affected a quarterly report, so perhaps we can see this as an event that could happen about once every two years, so not a serious factor.

Analysts and shareholders assumed the mine will have no difficulty keeping up with increasing mill capacity, perhaps a reasonable assumption since the mine does not have a hoisting constraint. However, we now see the mine had a capacity issue, that could be resolved with more stopes and access being prepared further in advance. This change brings the 2019 tonnage closer to the estimate I posted about 8 months ago, which was 1.28 million tonnes for the year, compared to an actual that will be 1.24 million tonnes if the 4th quarter equals 3rd quarter. I thought I was plenty optimistic, as I had a difficult time imagining the production increasing as quickly as the company suggested.

p.s. In a very are instance I can defend miningman on an isolated point! It is very rare for a person working for mining contractors, to only work for one or two, as the nature of the industry is for staff to move between employers semi-frequently. So if he lists about five, I'd have no reason to question that.
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