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Re: TexasRambler post# 41457

Wednesday, 09/30/2015 8:56:57 PM

Wednesday, September 30, 2015 8:56:57 PM

Post# of 63744
you like guess things, but don't like estimate things by calculation with data.

Q3 data will be very strong comparing with Q2 data.


read July 9 PR on Q2 Production Results, Namoya Update:


"As previously reported, the delay in financing resulted in a need to modify the mine plan to allow for the pre-stripping of the Kakula reserve pit. This modification impacted ore availability early in the second quarter as the mine fleet focused on waste removal in order to allow for increased access to mining faces when the first additions to the mobile fleet were commissioned in late May. This contributed to a decrease in the stacking level in April to 57,211 tonnes, which subsequently increased to 130,974 tonnes in May and 142,082 tonnes in June. The significant decrease in stacking levels from March's 103,163 tonnes to April was also driven by the adverse impact of unseasonably high rains which interrupted supply routes and the ability to deliver procured materials and supplies. The availability of ore from mining activities and the available medium grade stockpile material resulted in the stacking of ore with an average grade of 1.52 g/t Au. Namoya management is continuing to implement process modifications and upgrades, which are resulting in significant progress toward steady-state operating levels. Namoya poured 3,114 ounces in April, 3,315 ounces in May and 4,096 ounces in June, for a second quarter 2015 total of 10,525 ounces of gold.

During the second half of June and early July, Namoya achieved stacking rates in excess of 5,000 tonnes per day ("tpd") and is expected to increase to over 6,000 tpd by the end of July."

Two major problems for Q2 production at Namoya

1, Ore is not available for stacking.

2, stacked Ore grade is low because no enough ore for stacking is available.

They already said ore stacking rates in excess of 5,000 tonnes per day ("tpd") and is expected to increase to over 6,000 tpd by the end of July.

That means at least 50% stacking increase Q3 over Q2.

2014 Q4 and 2015 Q1 ore grade are close to 2g/t while 2015 Q2 ore grade is 1.5g/t. If Q3 ore grade for stacking is back to normal 2g/t.

We will exactly get Q3 production is 2x Q2 production for namoya.

Don't need think improvement of recovery.

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