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Bullboard - Stock Discussion Forum Huntwicke Capital Group Inc HCGI

Huntwicke Capital Group Inc. is a holding company, which is focused on investing in and enhancing it local community while providing long-term investment growth. The Company acquires real estate in small markets with high degrees of safety to provide income streams to its shareholders. It develops, syndicates, manages, and acquires property for capital appreciation and has growing financial... see more

OTCPK:HCGI - Post Discussion

Huntwicke Capital Group Inc > About reserves..
View:
Post by bossu on Mar 29, 2017 5:07am

About reserves..

Very strange that nobody react to the increase of reserves
Canada +37 %    Australia +66 %

Summary
 KIRKLAND LAKE GOLD MINERAL RESERVES BY ASSET AS OF DEC. 31, 2016 Proven Probable Proven and probable Gold Gold Gold Gold Gold Gold Tonnes grade ounces Tonnes grade ounces Tonnes grade ounces (000s) (g/t) (000s) (000s) (g/t) (000s) (000s) (g/t) (000s) Macassa 610 16.9 332 2,390 21.8 1,670 3,000 20.8 2,010 Taylor 0 0 0 743 5.4 129 743 5.4 129 Holt 1,450 4.2 194 2,500 4.7 376 3,950 4.5 570 Holloway 0 0 0 57 5.7 10 57 5.7 10 Hislop 0 0 0 176 5.8 33 176 5.8 33 Total Canadian assets 2,060 8.0 526 5,870 11.8 2,220 7,930 10.8 2,750 Fosterville 896 7.9 229 1,280 10.1 414 2,170 9.2 643 NT 98 3.0 9 2,310 2.3 168 2,400 2.3 177 Stawell 0 0 0 2,700 1.5 132 2,700 1.5 132 Total Australian assets 994 7.5 238 6,280 3.5 713 7,280 4.1 952 Total reserves 3,050 7.8 764 12,200 7.5 2,940 15,200 7.6 3,700 
Fabulous and still a lot to come
Point of interest ::Macassa complexe :2,001 ,000 oz at 20,8 grams/ton highest in Canada.
They just need to increase production at the actual capacity of 2000 t/day but the feed for now is at 1100 t/day (+/-).
Lets see the profit numbers in an hour from now and what Tony has to say a little later.

 
Comment by R_J_ on Mar 29, 2017 11:31am
15 page Press Release, Tuesday, March 28 - Kirkland Lake Gold Increases Mineral Reserves at Flagship Macassa Mine by 37% and Fosterville Mine by 66% - https://www.klgold.com/news-and-media/news-releases/press-release-details/2017/Kirkland-Lake-Gold-Increases-Mineral-Reserves-at-Flagship-Macassa-Mine-by-37-and-Fosterville-Mine-by-66/default.aspx - Louis James Comments Quote: - This is great news ...more  
Comment by JRaffles on Mar 29, 2017 12:30pm
We note that the Canadian assets saw their resource base contract by 7.2%, but much of that is due to conversion of resources to reserves at the Macassa mine. - With regard to the above paragraph taken from the Louis James comments, I cannot see any reference to a contraction in the Canadian Resource base, in either the 28 March press release, or alternatively, the MDA also published on SEDAR on ...more  
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