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Re: None

Wednesday, 07/11/2012 1:09:07 PM

Wednesday, July 11, 2012 1:09:07 PM

Post# of 118203
Worst case estimate for third quarter for PCFG.

Based on the current PR staement of operation of 1000 cy being processed a day and the first quarters recovery rate, They should be recovering a minimum of 3.5 oz of gold a day. Pro rated for a full quarter of 60 days of milling they should recover a minimum of 210 oz for a full quarter.

If the changes in equipment and configuration of the mill improves recovery rate this number should only be higher.

The trap to avoid is to remember that the production numbers for Q2 will reflect only two weeks of production and the totals will be similar to Q1. What we need to look at is current throughput (1000 yars a day) and current recovery rate (not yet known). and ignore totals for Q2 except those numers that let us figure the current recovery rate per yard.
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