re: Ann: Kingsrose Mining - Project Update an... IMO, the acting CEO is being conservative by predicting 3K ozs for the Dec Qtr.
Mr Phillips is likely to cram the high grade through as soon as possible so that the till is topped up before Christmas.
At 12 G/T, 3K ozs only represents 3.5 ton/hr plant throughput.
The plant has the capacity of 25 ton/hour.
My guesstimate is 6K ozs for the Dec Qtr and 24K ozs for FY 2013-14
and 45K ozs P/A thereafter. Telang Santo is a bigger mine than Way Linggo with
richer veins.
Current POG leaves over $800 AUD /oz profit and if the gold bulls are right we should see that lifting to $1K.
Cheers
moorookamick
Ann: Kingsrose Mining - Project Update and Produc, page-2
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