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Re: C C post# 9480

Monday, 02/09/2015 3:11:10 PM

Monday, February 09, 2015 3:11:10 PM

Post# of 11119
chaching: The report says the shaft capacity is 8000 tpd. Underground logistics limit the tonnage that can be hoisted, however. The ore has to be trucked 1.6 km from the 825 level and even further when they mine on 915 level. This limits the UG daily production to about 5000 tpd on a good day. The COO said in the Q3 conference call that he expects less than 5000 tpd in 2015. In my mind, based that limitation, they can’t produce more than about 190-200k ounces of Pd per year.
It will be interesting what projections they make for 2015. Positive cash flow is better than big production numbers in my book.

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