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Message: Re: SGR in the right direction

Feb 10, 2014 11:34AM

Feb 10, 2014 11:52AM

Up again on volume. Sure might just be following gold sector but I'm ok with that.

With CDN around 0.90 that makes Gold over $1400 oz CDN.

Lets do some quick math. Keep in mind this is quick and dirty and bound to be flawed.

Expenses seem to average about 35 M a quarter

That means they need about 25 000 oz @ $1400 to break even.

They run about 150 000 tonnes per quarter in mill.

So they need about an average head grade of 6 gpt.

Long story short their goal can't be 5 gpt but at least 6.

Hopefully they can find a way to get there.


Feb 11, 2014 04:28PM

Feb 11, 2014 04:43PM
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