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90,000 Lamaque ounces next year (2011) = a bit more than 1700 tpd
Assumptions:
average grade = 4.76 g/t
recovery rate = 95%
Ore tonnes per day (TPD) at Lamaque converted to Lamaque ounces (everything excluding San Juan):
700 tpd = 36,636 annualized production ounces at Lamaque
800 = 41,868
900 = 47,100
1000 = 52,344
1100 = 57,576
1200 = 62,808 (+ 20,000 ounces at San Juan)
1300 = 68,040
1400 = 73,272 (+ 20,000 ounces at San Juan)
1500 = 78,504
1600 = 83,748
1700 = 88,980 (+ 20,000 to 30,000 ounces at San Juan)
1800 = 94,212
1900 = 99,444
2000 = 104,676 (+ 30,000 ounces at San Juan)
As you can see, it makes things very interesting if Century is able to ramp up to 1200 tpd as early as June or July or August or September of this year. It appears as if some people are suggesting that Century is trying their best to see if they can hit 1200 tpd in the second half of May.
1 comment:
Hi P5: Thanks for all the great info. It is nice to see you commenting again on news. Peter Ball was pretty upbeat about reaching 1200tpd sometime in May. To procure the $ 5M from Deutsche Bank they need to reach the milling rate of 1200tpd for 14 consecutive days. We will see if they can do it. Alternatively they can go at Max/Fran for upto $15Million thru the exercising of warrants IF necessary.
Mid-April YE report. Mid May AGM. Drilling results for Bedard Dyke coming soon. PDAC this weekend, with visible AU drill cores. Should be interesting times ahead. It appears PK is focused on getting Lamaque on-line before she is let loose chasing down acquisitions. Peter said there will not be any talk of M&A's now and in the near future. FWIW.
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