Yeah the $10m S2 acquisition was ill thought out if they want to divest HGO. Maybe they can package it all up and get some decent coin for plant and tenements rather than placing care and maintenance.
At full capacity I think the three operations can get 285kozpa as below. But they really need to get the throughput and recoveries up at MGO through that secondary crusher and get the high grade gear from Big Bell for CGO (currently avg 1.7g/t through the plant as feeding low grade stockpiled ore). Mgmt keep fluffing about..
MGO: 1.8mtpa @ 2.5g/t @ 88% recovery = 125kozpa
CGO: 1.2mtpa @ 3g/t @ 88% recovery = 100kozpa
FGO: 1.0mtpa @ 2g/t @ 92% recovery = 60kozpa
Yeah the $10m S2 acquisition was ill thought out if they want to...
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