Bullboard - Stock Discussion Forum Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Gold

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern... see more

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Steppe Gold Ltd > Q1 2021 BCM vs tonnes mined & stacked

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Post by Ogopogo007 on May 17, 2021 6:41pm

Q1 2021 BCM vs tonnes mined & stacked

BCM = 2.3-3 tonnes /bulk cubic meter..99,910
tonnes mined = 170,130

so in round numbers, 100K * 3 = 300,000 tonnes of waste rock moved to get at 170,000 tonnes of ore

Strip ratio going up rapidly, waste rock ain't free to move. ATO 4 has marginal gold down to ...if memory is correct....150 meters .

Turning rocks into money or money into rocks?

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Comment by Jack79 on May 18, 2021 5:59am

Well..it's true Ogo...strip ratio around 1.7-1.8 bcm per ton. First study was Centerra gold FS. They noted strip avg. around 1.35. Latest NI issued in sedar by STGO tells strip ratio around 1.5......LOM 5 years, highest strip ratio calculated on 3rd & 4th yrs...means next yr same waste rock they'll move. This DFS for DRA Phase-II CIL with mill plant, i guess. But are they ...more

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