MD - "This is a start-up mine and the issues we are experiencing are not unusual for this type of operation. We are dealing with a new ore body without many parallels, and we are gaining knowledge through operatorship as we look to ramp-up to nameplate capacity of around 800,000 tpa."
800k tonnes of ore @ 80grams (avg) per tonne = 64,000,000grams (silver pa)
64,000,000 / 28.35 (grams in an ounce) = 2,257,000 ounces
I thought the company spruiks that Wonnawinta could do 2.5mil ounces pa? This is a little bit short.... of course they are well short at the moment.
If my maths are wrong please correct me.
CCU Price at posting:
35.9¢ Sentiment: Hold Disclosure: Held
