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Bullboard - Stock Discussion Forum NWM Mining Corporation NWMMF

GREY:NWMMF - Post Discussion

NWM Mining Corporation > Whar's the gold
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Post by varscona on May 14, 2012 12:46pm

Whar's the gold

1. April 19/12- yar end report on SEDAR

(A) 6555 oz AU produced in 2011, 22,518 oz recoverable (estimated)

(B) 25,000 oz AU expected to be produced in 2012

2. April 11/12 NR

(A) 4761 oz AU produced in Q1.

(B) 5915 oz recoverable (estimated)

3. February Corporate Presentation

(A) 30,000 + oz AU expected to be produced in 2012.

4. Conclusion- Whar's the gold.

We have 22,518 + 5915 estimated oz recoverable as of March 31, 2012. We have produced (recovered) 6555 + 47 61 oz  as of March 31, 2012. This leaves 17,717 oz that is expected to be recovered. Then, we are loading fresh ore daily unto the leach pads. Despite all of this, guidance is lowered from 30,000 oz to 25 ,000 oz for 2012. This also takes into account reserves fron La Jobba which is a higher grade than from the existing mine. Any opinions from the board. I emailed Chris twice asking for clarification on this and I received no response.

Comment by slick05 on May 14, 2012 1:01pm
Do note that the MD&A released is for all dealings until December 31 2011. They were juggling with the anticipated 2012 gold production at that time due to the hiccups last year.  32,000 oz is the most recent forecast. 
Comment by zzthnx on May 14, 2012 6:40pm
"32,000 oz is the most recent forecast. " Thanks, Slick, can you please tell me where this is documented? TIA! zz    
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