We are in another quiet spell - I don't look for a
Post# of 2057
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Posted On: 10/06/2019 6:01:32 PM
We are in another quiet spell - I don't look for any PR tomorrow - will always be glad to get one but seems this is an interim period where we are in small scale production awaiting arrival of the larger Merrill Crowe plant which is still in Walnut Grove I believe.
When that plant is fully set up we should see a big increase in throughput and finally be in meaningful production. Then the limits will be ore loading - how much material can be excavated, crushed and placed on the pad.
I've read several figures as to the increased flow rate and recovery rate once the larger MC is in place. Low end 8 x and high end about 15 times the current 3 oz per day. Call it around 11 x for 33 oz per day. That generates some serious money in a week and in a month - if we can sustain that then we have an operating gold mine at about 35,000 oz per year. Ramp up production with larger haul trucks and another dozer or loader and we're firmly in the ranks of mid tier producers at around 50,000 oz per year. That would be a great accomplishment for 2020.
Lots of single points of shut down right now so there is need for some dupes in the equipment lineup. That'll come with steady income and at some point very soon we will realize the big benefit of having no outside debt. That will be an accomplishment for the books. That and a cash cushion - I hope we see it next year - an actual bank balance in six figures.
What's on your mind for the week ahead?
When that plant is fully set up we should see a big increase in throughput and finally be in meaningful production. Then the limits will be ore loading - how much material can be excavated, crushed and placed on the pad.
I've read several figures as to the increased flow rate and recovery rate once the larger MC is in place. Low end 8 x and high end about 15 times the current 3 oz per day. Call it around 11 x for 33 oz per day. That generates some serious money in a week and in a month - if we can sustain that then we have an operating gold mine at about 35,000 oz per year. Ramp up production with larger haul trucks and another dozer or loader and we're firmly in the ranks of mid tier producers at around 50,000 oz per year. That would be a great accomplishment for 2020.
Lots of single points of shut down right now so there is need for some dupes in the equipment lineup. That'll come with steady income and at some point very soon we will realize the big benefit of having no outside debt. That will be an accomplishment for the books. That and a cash cushion - I hope we see it next year - an actual bank balance in six figures.
What's on your mind for the week ahead?
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