"and the stope ore had increased significantly when compared to the prior qtr as a base - so I estimated 500k tonnes and incremented this by 50k tonnes per qtr up to the expected on-going run rate of 600k tonnes for Q4."
This is just plucking numbers out of the air IMO.
The first guidance for the Syama UG ore production was given in the June quarterly on the 24th of July 2018 in a chart provided in that report showing development vs stoping ore going forward. You have just ignored that information and made up your own expectations.
You further don't seem to understand the difference between development ore, stoping ore and ore sourced from the actual sub level cave mine. I have tried to explain the tonnage of ore that can be expected to be mined from the current development fronts/drifts/drives from the cave mine but you are not interested. The stope ore up until mid-Dec has been coming from traditional long hole stope mining methods from outside of the frame work of the sub level cave mine and from stockpiled sulphide, which is the only feed that has been provided to the sulphide circuit up until now. You will notice that even with minimal ore sourced from the cave mine in Dec the ore production from the mine was already lifting markedly from the levels shown in Oct and Nov, levels which for some reason were pretty flat. When in steady state production sub-level cave mine will triple the approximate ore production produced in the Dec quarter as it's a bulk mining method as opposed to the mining method used so far which is a much lower conventional mining method.
I find it also very interesting that RSG are able to access higher levels of previously mined ore at the Mt Wright sub-level cave operation in Queensland to mine remaining ore that would have previously been considered overdraw. It shows that this mining method is also very flexible when it comes to a changing gold price. Upper levels can "store" accessible marginal ore for later mining. Most other retreat UG mining methods don't allow old stopes to be revisited, particularly ones that use paste fill. It's also interesting to compare this to other bulk mining methods like open pit mining where usually marginal ore is accessed by expensive pit cutbacks. Apparently with SLC mining the overdraw can be exploited later. I wasn't aware of this prior to reading it last night in connection with the Mt Wright operations. This is a very flexible mining technique along with it's other numerous advantages.
I'll stick to being guided by the company's announcements but thanks for clarifying how you arrived at the numbers.Esh
- Forums
- ASX - By Stock
- Bottom here?
"and the stope ore had increased significantly when compared to...
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RSG (ASX) to my watchlist
(20min delay)
|
|||||
Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $1.543B |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 37.5¢ | $22.35M | 57.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14881 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 668567 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 1.245 |
14 | 458433 | 1.240 |
12 | 312067 | 1.235 |
6 | 139692 | 1.230 |
6 | 131961 | 1.225 |
Price($) | Vol. | No. |
---|---|---|
1.250 | 371388 | 17 |
1.255 | 220916 | 10 |
1.260 | 134993 | 10 |
1.265 | 104166 | 6 |
1.270 | 38032 | 5 |
Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
Featured News
RSG (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online