RE:RE:RE:QH tonight OdderBall wrote: Not even 1 like vs 8 over on ceo. Well perhaps Ive opened a few eyes afterall. Curious how the mods didnt zap me this time around, only the 2 posts where I called them incompetent. Maybe they have a sense of humour afterall. One post had some info for anyone who didnt catch it so I will repeat.
The sorter model they will be testing from what my intuition tells me will need to be slowed down to a very slow speed and will still leave 30 % or more of the gold behind even at mid single digit tph. So to process say 2000 input per day, depending on how many hrs a day each runs that means 20 to 40 sorters. So if my intuition is correct I was correct saying that in my opinion the sorter story was conceived when grade proved nfg at karratha. And I dont mean NewFound Gold eh.
Ive been saying all along mining thin layers with waste above below and in between was going to result in a lot of dilution. Thats the reason he wont talk grade at the moment. In order to reduce dilution they will need to slow everything down and process a lot less tonnes. And even then there will be dilution, so forget about 140,000 ozs from bc a year, forget about 100,000 ozs a year. Think 50,000 ozs a year. And how he could stick to the aisc of 1000$ or less in todays interview when the grade so far is less than the 2 gm headgrade expected I have no clue. Because if your grade is less then your aisc per oz is more. Hes hoping grade holds up and he can control dilution during excavation I suppose. I would be surprised if the eventual headgrade turns out to be 1 gm. So think aisc of 2000$ and that would mean cash flow negative.
So thats about all I have to say. I figured the mods erased my last 2 posts so Im taking one back and calling it even.
All the above is my opinion only, as is my opinion that Bimini Bobby is going to look like a fkn fool as is the svedish mitball.
Good luck to all. Even the fkn dummies who cant think for themselves and have no experience to know any better.
I think even Screech is starting to see the light.
OB2
Well OB.
I think you're mixing up sorting into the equation a little prematurely. And the discussion for the moment is really focused around Beatons Creek and the mining operation currently underway. In the absence of any sorting.
This coarse gold story will never exhibit a stabilized or consistent grade. We have all know that for years. This is why QH is refraining from declaring a grade figure. What is going on is the planned mining of the higher gold bearing ore, while ensuring that lower grade ore that is still economic is not scrapped or wasted.
Your speculative assumptions have no real basis at this time. And as we all have heard, the PEA was not founded on a concept of: "...in order to reduce dilution they will need to slow everything down and process a lot less tonnes".
The idea is actually the opposite: The PEA is based on the pronciple of provisioning for additional milling capacity to actually process more ore (to accommodate potential dilution), and to achieve the desired gold output.
You state "
So, thats about all I have to say." However, I suspect that is far from the reality as well. My advice is to simply sit back and observe the proceedings.
And learn.
Tx