juk so the 35kt(end april) of surface stocks and this months hauling 40-50kt should tumble thru the plant easily would be nice(i.e. 10-15,000oz)we'll see,it would be nice,but i'll hold my breath. Just be happy with 15k oz for the quarter and improvements to the plant taking it above 87% yield.95% would be good,but happy with anything northward to start with.
Thought i read ramping up biox plant to full capacity of 350oz/day abit of late quarter catch-up going on,after changing procedures,Still 3% extra yield(90% target) on 10000 oz is 300oz for nicks=$450k cash
A bit of free cash and no guppies taking it(GUP notes)will no doubt lead to more ore,being dragged from elsewhere on these tenements.The initial problem,is lack of plant feed,followed by grade.As fml have shown,when capacity is free .9g/ton tailings is worth processing,if you've got trucks.That issue looks like its resolved,given 47kt april haul and 52500 may haul,GIVEN THE HAUL IS 8KM one way i believe.
So more hauled quite simply kills costs in other areas and with a $300-400 cash margin all that counts,to giving some impetus forward.
AXM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
