Just for clarification and to contradict this post of 15 oz a month.
-----------------------------------------------------------------
Here is what I posted last weekend:
2nd QTR 2011
PCFG did not conduct any mining in the quarter ended June 30, 2011
**************************************************************
3rd QTR 2011
During the third quarter the Company mined approximately 11,000 cubic yards of new gravels beginning in mid-September to the end of the quarter. The Company screened approximately 12,000 cubic yards, from the stockpile and newly mined gravels, in approximately 150 operating hours, producing approximately 50 ounces of gold.
results broken down:
Plant was running 80 Cubic Yards an hour for gravels.
Gold mined 50 oz equaling 1555.15 grams of gold
divide 1555.15 by production hours of 150 giving recovery of 10.38 grams of gold an hour.
Divide 10.38 grams an hour by 80 cubic yards an hour gives a return rate of .1296 grams of gold a cubic yard. ***************************************************************
4th Qtr 2011
Near the end of the third quarter of 2011, the Company received approval to install the remaining geotextile tubes that it plans to use for water filtration. Many days in October were spent on construction of the new geotextile tube field, which was approved for use by the NDEP in November. Additional factors that caused a slowdown in the throughput of the screen plant included; the Company has had some difficulty in hiring a suitable operations manager for the mine, poor weather in the fourth quarter, and daily maintenance of the screen plant was not efficient. Gold recovery from the processed gravels was weaker than expected due to the plant having trouble with clean process water from the remaining ponds and optimizing the use of the geotextile tubes, the mining material still progressing through some weak material in the main mine pit and the lack of a second high gravity bowl. In order to correct the plant throughput and improve the gold recovery the Company has hired an engineering firm to perform a complete review of the water process in the plant to improve the delivery of clean water and to optimize the geotextile tubes. The Company hired a geologist to review and monitor the process for proper ore grade during mining. The Company plans to employ a second gravity bowl, when possible, in the plant process to improve gold recovery. The Company has implemented a new screen plant maintenance schedule and is working on a new parts inventory system in order to improve the plant operating hours.
As a result of the above, during the fourth quarter of 2011 the Company mined approximately 35,300 cubic yards of new gravels. The Company screened approximately 13,000 cubic yards from the stockpile and newly mined gravels, in approximately 150 operating hours, producing approximately 30 ounces of gold.
The Company screened approximately 13,000 cubic yards from the stockpile and newly mined gravels, in approximately 150 operating hours, producing approximately 30 ounces of gold.
results broken down:
13000 cubic yards screened in 150 hours of operation. Resulting in 86 cubic yards an hour.
30 oz of gold equaling 933.09 grams of gold mined that qtr
Divide 6.2206 grams an hour by 86 cubic yards an hour gives a return rate of .0723 grams a cubic yard of gravel. **************************************************************
1st Qtr 2012
During the first quarter of 2012, the Company completed its search for a suitable operations manager for the mine. Poor weather that occurred in the fourth quarter of 2011 continued in the first quarter of 2012, and daily maintenance of the screen plant was not efficient. In order to correct the plant throughput and improve the gold recovery the Company worked closely with an engineering firm to perform a complete review of the water process in the plant to improve the delivery of clean water and to optimize the plant desanding process. The Company worked to purchase and install the new water equipment as recommened by the consulting engineers. The Company has implemented a new screen plant maintenance schedule and is working on a new parts inventory system in order to improve the plant operating hours.
1st Qtr Production numbers:
The Company screened approximately 10,629 cubic yards from the stockpile and newly mined gravels, in approximately 84 operating hours, and sold approximately 35 ounces of gold.
As at March 31, 2012 the mine had approximately a 17,000 cubic yard stockpile of gravel to be screened for gold.
Through March 31, 2012 the Company has invested approximately $9,860,000 into NRG.
results broken down:
PCFG's screened 10,628 cubic yards of gold in 84 operating hours. Equaling 126.5 Cubic Yards of Gravels screened an hour.
there were 35 ounces of gold sold times 31.103 grams to a troy ounce equals 1088.605 grams of gold.
Divide 1088.605 by 84 hours operation time giving PCFG (BRCM) 12.96 Grams of gold per hour.
divide 12.96 grams of gold per hour by 126.5 cubic yards an hour and you get .10245 grams a cubic yard.
9 months PCFG has been in limited production numbers.
Total Graves Screen 35629 cubic yards
Total Hours Worked 384
Total Average Cubic Yards an hour based on 384 hours production and 35628 cubic yards screened. Average of 92.8 Cubic Yards an hour.
Total Gold mined 115 oz
Total Grams of Gold Mined 3576.845
Average Grams of gold per Cubic yard mined 9.315 grams
Average Gram of gold mined in a cubic yard .1004 grams
***************************************************************
While some post average gold per month the true fact is that PCFG is not running 8 hours a day 5 days a week. The Production hours show last 2 Qtrs of 2011 were 150 hours and the 1st Qtr of 2012 was only 84 hours (10 and 1/2 eight hour days).
Not even close to full production for any of the 3 Qtrs above.
As I am sure you can see by my calculations once PCFG is able to go full production and corrects their minor issues these numbers will climb I have no doubt about it.
This is my opinion and analysis, I welcome everyone to go over these numbers from the 10-Q's and 10-K for the last 9 months (3 Qtrs) of limited production was reported.
News 
Market Data 
Discover 
AI
