GREY:RBYC - Post Discussion
Post by
jonggua on Jan 23, 2012 11:27am
produx update
sure appreciate the updated info, tho I was expecting produx to have started mid Dec, not end of Jan. Makes produx for this quarter a non significant financial event at .5 g/m3. If grades are higher, we'll be celebrating more. This pushes significant production out to 3Q, Mar-May, with reporting due 7-15. I have presuming lately that 25K this year is not doable. A full year at .5 g/m3 at 10 hrs a day produx is only 7600+ oz. Depends on when the now specified 350 ton/hr mobile machine can get up and running. My understanding is the 1000 ton machine is for next year. Waiting on significant cash flow to pay for the 350 tonner, plus manufacturing, travel, and installation and fine tuning. I presume that will take all of this year and maybe then some. Still see the 50-75K oz as probable for year end 2013.
Had to laugh at the mining camp. I know from other resource investing reading that a real village with real wives and mothers keeps men in line WAY more than just men. Glad to see the men can have their families near, will make for a much more civilized place!
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