Re: Royalties on Unprocessed Ore & Tailings
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Message: Royalties on Unprocessed Ore & Tailings
The good news is that they were testing the mill w/tailings (I think) to come up w/0.75 au/ton gold equivalent. Now they are saying that the grade is improving w/mill refinements. Then onto the unprocessed ore w/o owing a royalty on the richer material. SLAM DUNK. It seems now is the last opportunity to get in at these levels. Onward and UPWARD!
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Posted by: MuchCompensation |
Date: Friday, May 21, 2010 11:46:50 AM |
| In reply to: iambrok who wrote msg# 13135 |
Post # of 13139 |
<a href='http://usas1.advfn.com/oasis/oasisc.php?s=43&w=336&h=280&t=_blank' target='_blank'> <img alt="" src='http://usas1.advfn.com/oasis/oasisi.php?s=43&w=336&h=280&t=_blank' width="336" height="280" border="0" /></a>
I just got off the phone with Rich Kaiser.
The Mill is seeing better rates than the .75 gold equivilant as described in the PR as the mill is tweaking the equipment.
The camera experienced a short in the ground while they were servicing the camera, and they are in the process of replacing the server. Looks to be fixed by next week.
As soon as smelter results are available, they will PR them, stay tuned.
MC
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