GCY 1.82% 54.0¢ gascoyne resources limited

Sorry Esh that goes beyond my ability to translate into concepts...

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  1. 5,305 Posts.
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    Sorry Esh that goes beyond my ability to translate into concepts I can get my head around .... are you saying Gascoyne says it has revised its LOM estimates to 542,000 oz but has come up with an estimate of only 98,000 oz from drill measurements at Gilbeys which in your opinion should represent 61% of the current resource .
    98,000 oz is only 18% of 542,000 oz.
    If 98,000 oz is 61% that means overall there is only 136,220 oz all up .

    Which is plainly wrong.


    ...And another problem I am having is that Sly Fox was estimated at 83,000 oz.
    From the entire mine 26,000 oz had been milled as of AGM 28 November .
    Upper end guidance for the December quarter as per Christmas Eve update is 18,000 oz.
    The company has said (at least a couple of times) that Sly Fox will be mined out by the end of March (first quarter 2019)

    Theoretically assuming ALL gold has come from Sly Fox to date the 26,000 oz so far and the 18,000 ox expected in December quarter add up to 44,000 oz..... which would leave ( at the very least) 39,000 oz to be obtained from Sly Fox in the March quarter ?
    If some gold to date has been derived from Gilbeys and Golden Wings then there is even more left in Sly Fox.

    I assume the result of having ore stockpiled from Sly Fox means they can bring in oz per quarter as they want until it is all gone?
    Thanks
 
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