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04/02/19

17:00

Post #: 37325235
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Originally posted by nordesmic: ↑

I went and did a bit more digging into the quarterly and checked a couple of things against the feasibility study (which I think the company is 3-6 months behind). Below is my updated production estimate. The grade in the first 3-4 months at Allansons is expected to be close to 10 g/t (!) which should boost the overall mined grade to 5 g/t, and possibly a lot more in June quarter. I think that Keith Goode also mentioned previously that some of the initial average grades at Allansons had conservative top-cuts applied so could surprise on the upside.

I'm a little bit confused on commercial tonnages from the underground because I thought it was 270kt previously but now the quarterly charts show 250kt as the target (average I assume). The production schedule in the DFS also shows peaks above 280kt over the next 12-18 months so maybe there is still further upside.

Open pit mining I have assumed grades in line with the DFS but tonnages to keep being above target.

I have adjusted processing plant throughput than my previous estimate based off last quarter.

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Just a friendly shout out to the likes of Nordesmic , Eshmun , Speculator, Barolobill, Timbin, Ocean View and others who bring in depth , quality mining type analysis to this thread.
It gives us "Commerce" types both valuable insight and confidence in this fantastic , well managed Company
Well done guys

DCN Price at posting: $2.53 Sentiment: Buy Disclosure: Held
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Just a friendly shout out to the likes of Nordesmic , Eshmun ,...

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