GCY 1.82% 54.0¢ gascoyne resources limited

Ann: Response to Media Article, page-53

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  1. 530 Posts.
    lightbulb Created with Sketch. 59
    Hi Albatross,

    Yes they will definitely give a January production update with the quarterly.

    On my guesstimate figures , I work it out as follows:
    9,500 x 30 days ( 1 day of maintenance)

    Multipled by 1.05
    Divided by 31.1 ( Troy ounce )
    Multiplied by.931 ( recovery rate )

    285,000 x 1.05 = 298,250

    299,250 divide 31.1 = 9,622

    9622 x .931 = 8,958 ounces.

    If so and they keep it around the same for the quarter that’s 26,000 oz.

    26000 x 1750 = 45,500,000.

    I can’t see anything but share price appreciation for this company after the quarterly.
 
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