Yes - and I like a couple other things this author said:
(1) “Standard protocol” in this guy’s experience that a junior producer with ONE mine is either bought-out by a major or graduates to a mid-tier (greater then 200k ounces per year), and
(2) Going from one to TWO mines is where the price appreciation happens.
Maybe I’m wrong, but my numbers tell me that assuming 95 tons per day of 74 gpt gold, four working faces, and a 90% recovery rate, we could be right there at 200 oz per year pretty quick. But, I think 74 gpt might be some kind of record - unless you count the fact that the artisanal miners have a track record of doing just that over some 30 years (and more - cf. 102 gpt?).
Material with grades over 25 g/t Au will be shipped to one location for direct smelting. Grades below 25 g/t Au will be sent to a second location for flotation processing.
I think this is still the plan. Call it a WAG if you like. Using gravimetric plants for the concentration and recovery of free milling gold in AURYN’s ore from the Don Luis vein will be deemed feasible as a 1st step in shipping ore direct to ENAMI, or perhaps Lampa (wasn’t there a processor used there in the past?). Tailings will be sorted and stored for shipping to meet term sheets of a favored minerals trader to chemically treat and use flotation processing to recover remaining gold and hi content CU. This is what I expect shareholders will see as the quickest and most efficient way to maximize profits as full production rolls out.
EZ
Jakeman,
We’d all like to see, sooner than later, our AUMC shares allocated from our MDMN shares occurring right away. However, IMO, I don’t see conversion happening until after full mining exploitation results in reported production figures allowing some projection of future cash flow.
Have a happy and safe 4th of July weekend everyone.
EZ