"I am not interested in ore mined and grade. I am interested in ounces of gold. Something you missed."
Colin, ifore mined and grade is of no interest and just ounces poured why the hell theyare building that mine and wasting money? They should just pour more ounces of gold andthat's it! (I think I better say haha)
With regards to your comment about the Sulphide circuit:
Colin said: "The sept report is pretty clearThat the fresh ore being added to stockpiled orewould improve the amount of gold produced....yet it didnt."
You may want to notice that while they added more "fresh ore" in December quarter in comparison to the September quarter by percentage it wasn't that much higher in December quarter than September quarter. This is because they also milled much higher amount of ore in December quarter.
The percentage recovered was slightly higher in December quarter and overall gold poured was significantly higher in December quarter.
2018 Sept quarter Gold Poured 15,702 oz 2018 Dec quarter Gold Poured 21,554 oz
I think its worth while and important for anyone to go back to the quarterly reports and see what they say in its complete form rather than retyped paragraphs but here are few things I have retyped about that topic that Colin brought up. If you see any mistakes please correct me.
"AtSyama, access to the higher grade sulphide ore will accelerate in the secondhalf of FY19 and provide an immediate and material improvement inproduction." Page 2 of September 2018 quarterly report.
"During the financial year ending 30 June 2019 (FY19), high gradeunderground ore will include development ore, long hole stop ore, and fromDecember onwards sublevel cave ore. This will allow the Syama Underground Mineto provide an increasing proportion of high-grade material. By mid-2019,underground ore is expected to provide 100%of sulphide plantfeed" Page 6 of September 2018 quarterly report.
"Thesulphide circuit will continue to rely on stockpiled ore during the currentquarter However an increasing proportion of underground mill feed, and 100%availability of the roaster, is expected to result in improving grade andassociated recovery for the sulphide plant. This improvement is expected to beincremental quarter on quarter as the Syama Underground Mine ramps up to steadystate by the end of the current financial year" Page 8 of September 2018 quarterly report.
This is only in my opinion, not offered or to be taken as financial advice, DYOR
RSG Price at posting:
$1.05 Sentiment: None Disclosure: Held
(20min delay)
