First many thanks to the last two for clarifying processing information.Confirmation that if the plant had the appropriate installation as at least one has hinted,although you disagree with my angle,is some confirmation that better yields ARE ACHIEVEABLE.
If only management statements could be believed,i would believe Apex also at the end of the quarter held $2m worth of bullion credits for sale(1200oz?).If they do good news.
I wonder where the gold supposedly put back in the system clean-up ended up.I would have expected a yield of 110% not 86% on ore processed.
A fortune was made out of an unprofitable mine last century,by splitting the Supply and onsite casting(to different shifts with yield one day,duly recorded and passed to the manager,then cast the next by a different crew),to ensure the gold recovered ended up cast and in the company's hands.The old casting crew was gone within the week.
Not suggesting anything here,but starting to wonder if this found gold sludge last quarter went back in the front as said,but then miraculously vapourised taking a bit extra gold with it in the process,to given such a crappy YIELD drop that resulted in this quarter.
Roll on new management.Takeover for the tax loss(300m),anything.
AXM Price at posting:
0.8¢ Sentiment: None Disclosure: Held
