Dugsab. You're both saying that you are using the information provided by the company. No!!
These are the numbers that tjsol's stated.. The test pilot done in 2013/14 was 4200t at 11.3g giving a total 1500oz (this is low).
The metallurgical sampling programme completed during December 2013 and January 2014, according to the AR, produced 1,725 ounces from 5,214 tonnes. That IS around 10.3gpt with a recovery rate of 87%, around 9gpt nett.
Based upon the last drill results, the "extraordinary" ones, I suggest that the numbers in the metallurgical test will be confirmed and that's why, IMO, "using the company's own information" both of you are using very conservative calculations, and, there is no logical reason that a repeat of the metallurgical tests for all, not just the 89,000 tonnes, can't produce the nett results from those tests for the whole 100,000 tonnes.
Again, tossing around numbers, especially if they are NOT fully supported by what IS provided and strongly implied by the company, is very misleading and that's why, after most of us having waited for so many years, what's the point in not waiting just another 5 months for the actual nett return, when we can then (a) KNOW how much cash is in the bank and (b) enable the company to do much more drilling to expand on that last "extraordinary" lot to define the next source of the next production programme.?
The next defined area could very well be a mirror extension of the current "high Grade" area and that 89,000 tonnes figure in 2016 could be completely obsolete!!!
All I can say is that current and prospective holders should remain patient and NOT be guided by ANY "guestimates".
Expand
