Ideally, at some point in July, I would like to see them hit 1,000 tpd, the targeted grade of 4.76 and the targeted recovery range of 94% - 96%. If this level gets sustained over a 4 consecutive month period (coupled with contributions from SJ) it should be good enough to access the next US$8.5M cash from escrow.
However, without more updates from the company, it is hard for me to visualize them (at this time) getting to that level in July (even late July).
Nonetheless, I think numbers slightly below that level might be possible (at some point in July) IF THEY EXECUTE. I would like to see them now take a very progressive step with the numbers. It`s time to step up and toss away the list of excuses. This is the right time as key components are in place. In July (at some point) I would like to see them hit 900 tpd, and average 4.0 g/t grade with a 95% recovery rate. If they do this then both ounces and cash from operations will contribute decently.
Here is the possible breakdown:
*400 tpd now
*150 tpd from new stopes in production in June (in development at May EOM)
*150 tpd gain from all of the low profile equipment now being in place
*200 tpd from BD bulk sample mining
400 + 150 + 150 + 200 = 900 tpd
(or some combination of all that)
Hopefully the new BD ore and ore from the other new Lamaque (flats) stopes will lift the overall grade to 4.0 g/t.
In August, I would like to see them reach 1,100 tpd and 4.5 g/t. This might be sufficient to get them back on track to access the US$8.5M eventually, in my view.
2 comments:
I noticed they aren't looking for any underground workers,Is Century confident they can reach these goals with thier current amount of workers,or just going to run it lean for a while?I believe it will take 4-5 months for the mine and workers to adjust and adapt.Then we will see more tpd.Thanks for all your comments guys and for keeping it more real, not like some of thoe forums out there.
hi moich
you see i work in underground in lamaque mine century looking for miners, jumboman , and other worker in underground but the trouble is no worker wont come work for century cuz the bonus is very bad , the underground capitain guy legris have a very bad attitude whit us he try to put his own rules , i really dont know why century still keep that guy .
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