Monday, October 23, 2017 10:21:06 AM
Clearly they've had problems recovering the gold in the pond & on the heap. We know there is couple thousand ounces in both. If this smaller MC works, we should see approximately 200-300 oz of gold a week or approximately 1000+ oz a month to start as they then tune the 800 gpm MC unit which will allow them to transition to 10,000 tons per day. (my estimate). Fixing the bigger unit should be quick once they have the smaller unit tuned.
I'm hopeful it will work for a couple reasons...
1. Design was recommended by Robert Garcia after multiple trips to the mine.
2. Strategy makes sense to my simple mind (use a small unit with finger filters to tune quickly - then tune the big unit with same ratios)
3. PT himself is putting it together with Robert Garcia's recommendations and will transport it and hook up himself.
4. They are using a loan to finance the transportation and initial running of the MC (not the selling of shares). A loan with 6 month payback tells me they are VERY CONFIDENT in this approach. I'm thankful MXSG is trying to reduce dilution whenever possible.
This is the plan. Proofs in the pudding. If successful we'll see a PPS increase.
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