RE:RE:RE:RE:RE:RE:QH tonight Ok but if he can estimate the aisc and he says it's under $1000 and grade and aisc are related he could also estimate the grade right?...They based the aisc on other mines and I recall grade was something like 2.00 g. I am not that good at engligh but in the interview he says they have some dilution problems and dilution is reated to the diluted grade or head grade whatever you want to call it. If the diluted grade comes out to be 1.00 instead of 2.00 would the aisc be the same?..nope...would it be double? I dunno but if even if it is at the middle way between $1000 and $2000 that would not be good.
TXRogers wrote: I don't think he is sure.
It can only be an estimate at this point.
If you recall since the early days of this story, only mining will eventually prove out the business. And mining has just begun.
If a grade was stated right now, what specific volume of rock would it be applied towards? Would you ever believe it would remain consistent? I wouldn't.
In the end, Novo will have to make a business out of processing an almost limitless expanse of near surface gold bearing ore with varying grades.
Tx
Fabrix72 wrote: Hey TX,
If
this coarse gold story will never exhibit a stabilized or consistent grade ( and this is why Q is refraining from declaring a grade figure) How can he be so sure that aisc is south $1000?...Isn't that true that the lower is the grade the higher is the aisc?
TXRogers wrote: OdderBall wrote: Not even 1 like vs 8 over on ceo. Well perhaps Ive opened a few eyes afterall. Curious how the mods didnt zap me this time around, only the 2 posts where I called them incompetent. Maybe they have a sense of humour afterall. One post had some info for anyone who didnt catch it so I will repeat.
The sorter model they will be testing from what my intuition tells me will need to be slowed down to a very slow speed and will still leave 30 % or more of the gold behind even at mid single digit tph. So to process say 2000 input per day, depending on how many hrs a day each runs that means 20 to 40 sorters. So if my intuition is correct I was correct saying that in my opinion the sorter story was conceived when grade proved nfg at karratha. And I dont mean NewFound Gold eh.
Ive been saying all along mining thin layers with waste above below and in between was going to result in a lot of dilution. Thats the reason he wont talk grade at the moment. In order to reduce dilution they will need to slow everything down and process a lot less tonnes. And even then there will be dilution, so forget about 140,000 ozs from bc a year, forget about 100,000 ozs a year. Think 50,000 ozs a year. And how he could stick to the aisc of 1000$ 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