G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Updates Resource, Reserve & Mining Inventory, page-13

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  1. 23,765 Posts.
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    They are still using a LOM US$0.95 a # Pb price , Pb @ spot is now $US 0.88 so the current feasibility study is effectively in backwardation , the lower Pb price pretty much cancels out the improved Feasibility metrics if they were to hypothetically hedge forward their Pb production as of today compared to back in mid August .

    YEs the 4.5Moz Au resource eq is a monster that is without the Ag also , mind you there is normally lower recoveries with a stock metal concentrate then having to smelter with more losses , than with your standard gold CIP recovery , therefore the 4.5Moz eq would be about right .
    ALso obviously it is inluding a large $ of inferred in that 4.5M oz with the reserve coming in at around 1.4M oz Au eq
 
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