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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by miningmanon Dec 07, 2020 4:40pm
217 Views
Post# 32052421

RE:RE:RE:Breaking News

RE:RE:RE:Breaking NewsAnd therin lies the  major predicament!!!   Mill tonnage was increased rom  2700   to 3500/3800  tpd earlier this year.   No one really adressed the implied increase in  required drilling or development.  At   present mill rates ,  even  at 1000  meteres per month development  ,  heres only about six   or eight weeks  developed ore available at any one time.  Blackhawk  may chose to ignore these unpalletable facts  but  there is a physical limitation as to how much  muck  that can  be moved  thru the system  on  a  daily basis.

Perron  will do his best ,  but an outbreak of Covid ,  or   falling POG,  or ground control  problems ,  or falling mill heads may negate  his best efforts,   Remember ,  or reserves are around  8.8  grams but mill heads are consistenly around  8,4 grams.   That tells a story initself,  and I suspect that 8.4  will  not be achoied in Q4.
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