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Dan, sorry I don't understand one US $ is worth 0.82 Pounds Sterling. What does 34GBP mean? Thanks
What has management got to do with it??? The middle East including Egypt is on the brink of major conflict and the UK will be on a different side to them. Who think its conducive for business here?? All the more gold is languishing and all miners are suffering. Yes some positive news would be ideal but this is a mine way past its operational prime and the AISC is going one way which is up over time. I don't think this is realistically touchable. Further, if management start shouting loudly about success or increased dividends what do you think will happen?? Same as what happened in Tanzania with a mine that isn't part of a more powerful group, the rules will change and they ll come for more cash. I will but at 60p if it gets there around 10Ks worth and if it doesn't no regrets. I'm sure the sp will go on a march at some point but this is a risky stock.
OH, sorry DASUT, I mean $US equal 34 Egyptian Pounds
For every 500 tonnes sitting on the ROM pad they have 10,000 ounces of mined out gold ore for processing. If they have built up lots of low grade ore as stated in Q3 then around 1500 tonnes in total amounting to 30,000 ounces is in the back log of milling. The milling down time appears to be 18 days for one mill and directly created a 500 tonne processing shortfall and dropped Q3 output by at least 10,000 ounces. The capacity of the mills could recover the 10,000 ounces in Q4. However the underground feed grade has to be higher or they pull up more tonnage of usual grades. The future of Sukari was moving underground mining rates at 220 kt and future targets are at 385 kt. However, that may impact on the grade going into the feed. I wonder if they will try and deliver 290 kt underground feed in Q4. Hopefully, the CEO may give a hint if that is what he is doing when he replies to Steve's question during Q4.If so then I believe 450,000 target remains possible.
Cey have confirmed my questions will be answered on the 30th
Very impressive, especially considering you have told us more than a dozen times that you are day/momentum trader?
Yep- well they’ve responded to my questions before- maybe if your emails to them were constructive, concise and relevant, they might respond to you and your mate Cowchain- who’d I’d ignore if I were them too.
If you read my past posts correctly you’d see that sometimes I hold for longer profits, but am strict on stop losses- I ask concise questions that can provide SP movements, and not lots pointless meaningless detail.
WEll Mr T you got two likes from your friends Cowichan and Rebess.
Now you can go to bed ;-)
Tony 500 tonnes is only 3 and a bit truck loads and at less than 1 gramme a tonne we are talking less than 500 grams or about 14 ounces. So they need more like 280/300,000 tonnes on the ROM to get close to the 10,000 ounces if we are talking open pit.
Now if there is 30,000 ounces we are talking getting on for a million tonnes of ore which is a hell of a lot of ore to be loaded into the hopper(s) and we are talking double handling albeit a short haul distance. it is still over 6,000 truck loads or 30,000 plus loader passes.
Hence my question being similar to Steve's.
All doable and not overly difficult but it does mean diverting truck(s) and a loader, however not sure if the plant can process this extra tonnage to achieve the 128/130,000 ounces needed to make bottom end target.
Agreed underground tonnage and feed grade will be all important.
So will be interested in hearing what their answer is.
Oops yes it should have been 500 kt what a mistype. They have probably mined out 1500 kt of ore ready for processing from the open pit. It therefore is down to underground grade being used in the mine plan and KT uplifted above the usual 220-245kt range.