GCY 1.82% 54.0¢ gascoyne resources limited

I am thoroughly enjoying reading all the posts , especially the...

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  1. 530 Posts.
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    I am thoroughly enjoying reading all the posts , especially the historic posts on past production etc.
    Realistically at the end of the day it’s all gonna come down to one thing and that is the head grade and it needs to be at minimum one (1.0 ) anything above this is let’s start drilling and start PFS at Glenburgh time again. ( Happy Days ).

    .9’s and .95’s will be a struggle.

    We know the mill can run at 270kt per month.

    We know the recovery rate is circa 92%.

    We know the gold price is high and hedged ( and prob’s more to come ).

    We know we have the best mining contractors ( with a real interest in succeeding).
    All we need is grade from Current Gilbeys and the newly to be mined Sth Gilbeys and Plymouth areas to be as per the PFS.

    270kt @ .95 (hg) /31.1(Troy oz) x .92 =91,000 oz per Year.
    Bottom end of guidance.
    At 1.0(hg)=96,000 per year.
    At 1.1(hg)=105,000 oz per year.
    At 1.2(he)=111,000 oz per year.

    I am thinking grades will start coming in above 1.0 from January and the mill rates may be even higher than 270kt per month.
    Then production will be settled all debtors will be happy and share price appreciation will be rapid.
 
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