GREY:VITFF - Post by User
Comment by
MVargason Nov 17, 2019 12:56am
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Post# 30361230
RE:Viewing November presentation
RE:Viewing November presentationidlefreebird wrote: on page 6 you can cllearly see on the charts of weekly tons and grade that the month of July had only 100,000 tons stacked... and you can see that past 8 weeks the grade that was stacked was around .80 gpt and the week of Nov 3 they stacked around 170,000 tons in that week...they do need to get to 250,000 tons stacked weekly but again still on the learning curve...but looking at the charts ounces coming our way...gltal
Yes idlefreebird, still ramping up, but 170,000 tonnes @ 0.8 g/tonne = 4,373 oz and with a 75% recovery rate = 3,280 oz. in one week to be eventually recovered from this ore.
On a 52-week basis that is 170,000 oz/yr or 85% of planned production, but on a 39-week basis is about 128,000 oz/yr. which is a bit more than needed to produce the gold needed to declare commercial production if sustained for 30 days. Still not likely until late Q2.
But you're right, they need to hit 250,000 tonnes/week to get to full production, but would only need to average 175,000 for the rest of the year to make the 3 million tonne target which certainly looks doable.
I don't know if the 0.8 g/tonne grade is sustainable but the average of the 1.78 million tonnes stacked so far is 0.76 g/tonne which likely would have included some lower grade ROM ore.