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54.0¢ gascoyne resources limited

Ann: Response to Media Article, page-54

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albatrosss

915 Posts.

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25/01/19

09:51

Post #: 37220824
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Originally posted by Harrindimill: ↑

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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I do so hope you are right. The only problem/unknown is like Sabine has already mentioned.
ie can the drill results, grade estimation be trusted.
i am hopeful but still worried.
we shall see said the blind man

GCY Price at posting: 14.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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