RE:RE:RE:RE:RE:What in Bonterra's name is going on hereTannin, MAP also spoke of not having enough ore to supply the mill at higher rates. In other words mining out all of your ore before you can find and prove up more.
Listen, Bachelor Lake was running between 3-5 g/ton ore and the mill was recovering 97% of the gold. Those are great feed grades and excellent recovery rates and they still couldn't produce it for a profit. As I said it was directly under the mill. No trucking 120km. Remember they were looking into starting the Barry open pit when they found out they couldn't because of costs.
It's all a moot point anyways. The mill isn't going to be upgraded to run more ore anytime soon. Not to mention the enlargement of the tailing pond. They don't have the money or the permits to do either. Plus they are having issues finding investors to ante up for another financing. Even if they do get a finanicng it's going to be for drilling. Nothing mill related.
Contrary to what some here think, this is not an undervalued company as it currently sits. I've been saying all along these narrow veins with little or no halo effect are not easy to mine especially when they are 50 meters apart. Think about it you have a nice rich vein 3 meters wide then you have to go another 50 meters to get to the next 3 meter vein. With everything in between waste rock and you have to supply 1800-2400 TPD to a mill 120 km away. In an open pit it's much easier to mine these but underground well that is another story. What make windfall great is the veins are wider and much closer together. therefor easier to access. You can spend more time actually mining as opposed to moving waste rock.