RE:RE:RE:Gold in Inventory:Pierre,
poster lorange raised some valid points with respect to Q3 2019 inventories. As per note 1 of pdf page 13 of the Sedar document (Nov 6 2019 filing date) the total inventory as of 30 Sept 2019 is 28,799 oz and that seems to come from 24,724 oz and 2,968 oz specimens. But the two don't add up, so what is the missing item to make the total of 28,799 oz? At any rate, the difference is small compared to a much larger inventory, so let's just ignore it for simplicity. Main question is what RNC will do with the inventory as of 30 Sept 2019 (what does it mean "in proess" as described in note 1? It's a large inventory. If they simply move all that to Q4 along with additional production then the total production for Q4 would be humongous (a barn-burner).
Perhaps, MUX should ask this question during the interview with Paul Huet as well.
GH11
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pierreg wrote: goldhunter11 Specimens increase (from Interim financial statements/report documents on SEDAR).
My calculations.
Coarse gold, gold ore and gold in process Q3/Q2 '19 = 48.50% or 8075 ounces
Corporation’s high-grade coarse gold discovery of specimen stones from September 2018
Q3/Q2 '19 = -39.97% or -1233 ounces
Ounces held at end of quarter Q3/Q2 '19 = 38.12% or 7949 ounces
Q3 '19 in INVENTORIES: « As at September 30, 2019, coarse gold, gold ore and gold in process comprises 24,724 ounces (December 31, 2018 – 6,806 ounces). The Corporation’s high-grade coarse gold discovery of specimen stones from September 2018 comprises 2,968 ounces (Dec 31, 2018 – 4,944 ounces). Total number of ounces held at September 30, 2019 was 28,799 (December 31, 2018 – 11,750).»
Q2 '19 in INVENTORIES: « As at June 30, 2019, coarse gold, gold ore and gold in process comprises 16,649 ounces (December 31, 2018 – 6,806). The Corporation’s high-grade coarse gold discovery of specimen stones from September 2018 comprises 4,201 ounces (Dec 31, 2018 – 4,944). Total number of ounces held at June 30, 2019 was 20,850 (December 31, 2018 – 11,750. »