WHAT MILESTONES WILL I LOOK FOR ? WHICH BLOCK MODEL IS CORRECT
could the coloration indifference between the two block model engineering firms
have caused a misdirection to finding higher gram gold ?
ZEROING IN ON - HIGHER GRADES
increasing the current 4.5 g/t
to 6 g/t if possible
UPSIZE ORE PERMIT
800 tonnes to 1000 or 1500 would be ideal
affords a buffer pushing more more ore through even if lessor grams
= still stacks the ounces
UPSIZE ORE PERMIT + HIGHER OUNCES PER - DAY
718 ore tonnes / day @ 4.5 grams = 3,231 grams ~ 31.1 = 103.8 / ounces ( present staus )
1,000 ore tonnes / day @ 5 grams = 5,000 grams ~ 31.1 = 160.7 / ounces
1,500 ore tonnes/ day @ 5 grams = 7,500 grams ~ 31.1 = 241 ounces <------------- sweet spot
241 oz x 30 days = 7,230 oz x 3 months = 21,690 oz x $2,479 cdn
= $53,769,510 / cdn
- $10,000.000 / cdn production costs
= $43,769,510 / cdn
- $13,000,000 mil deficit
= $30,769,520 - net cdn ( quarterly )
DEFICIT REDUCTION
It was stated there's an approx deficit of - $13 million
This has to be reduced -
Is it because of - too many personel - with in junior ?
How would it fair if taken private - how many jobs would be axed and $$$ saved ?
Many juniors are too topend heavy.
If even 1/2 of the deficit were slashed, and no more shares exercised and pay structured
remodelled - .it could look like - in a perfect world - lol
same figures as above
= $43,769,510 / cdn
- $6,500,000 mil deficit
= $37,269,520 - net cdn ( quarterly )
It would be a significant turn around.
But... can they do it ...?
IDK.
STREAMLINE WORK FORCE
Reduce staff, ask for more elbow grease.
Eliminate the deficit if attached to production over costs - if not associated to, finacing deficit.
Maybe, hire different employees, or if not contracted, seek out what the cost comp would be ?
Run 2 shifts ( 24.hr operations )
Hire Redneck Miners - ( sorry..., but a few in photo appear mining may not be thier true calling )
https://www.vmcdn.ca/f/files/nob/pure-gold-staff-1.jpg;w=960
WETTING - i recall seeing one photo online where the rocks looked pretty dusty from blasting.
Wetting the rocks below grade with better optics and lighting
could speed the snipoer process - identifying next drill/ blast zone. ( simple canister pump )
Otherwise ,dry rocks make it all the more difficult to hone in on the - pay dirt .
Someone should clock -
each job process - see where lags could be improved - assist with more tonnage.
My own assessment....
Not investment advice - do your own DD....
I maybe wrong but then again, i maybe right.
Cheers....