RE:RE:RE:RE:RE:RE: 3-7 yrs before they own the production rights and landMarcsr wrote: Cessco,
Based on a grade rate of 500g/ton, 16 oz/ton:
That means if mgmt estimates 12M ounces/yr div 16oz/ton
results in 750,000 tons/yr
the mill is only rated at 500 tons/day or about 150,000/yr
mill is not adequate for the proposed plan.
Marc
I dont think Mike based his 12 mil oz ageq yearly production on a 500tpd mill capacity. Mill expansion most def in play. I also think we get a slightly better grade of ore than 500g ageq per tonne.