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Re: onemo post# 92143

Thursday, 06/14/2012 1:41:22 PM

Thursday, June 14, 2012 1:41:22 PM

Post# of 118206
They had 17,000 yards stockpiled at the end of the first quarter. They would work through that in about 18 days @ 120 yards per hour. With the hiring of new people, it's reasonable to assume that they're starting to mine again which is a good sign. If they recover 0.11 grams/yard (their most current recovery rate) they'd get 58 ounces of gold from the existing stock pile. That would be at the low end of the scale for the first 2 months of this quarter.

So, it appears that they've worked their way through the stockpile and are recommencing mining and may be increasing plant hours. It'll be interesting to see what the MSHA numbers are next month. Looks like June will see a marked increase in throughput at the plant. \V/_

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