The End of Money as We Know It and the Future of Civilization
May 22, 2012
Hosted by Jay Taylor
http://www.voiceamerica.com/episode/61914/the-end-of-money-as-we-know-it-and-the-future-of-civilization/54948
Currently running at ~225 tonnes/day (mill capacity has design of 450t/day)-so ~50% design capacity
Expected to reach design rate of 450t/day in ~3 months (soft target)
~80 people working at mine
2 8-hour shifts/day, expected to expand to 12-hour shifts in future
average grades above LOM grades but numbers skewed for first quarter...need more data
Projecting 3000 oz/month once mill hits full design (~3 months as noted above)
Once mine is at design target rate, then will commence underground drilling with company-owned drill (on site now)
TOTAL (Includes CAPEX +OPEX +?) Cash cost estimates still likely $624/oz (as per feasability study)
Plant should be easy to expand to greater than design rate of 450t/day
Corporate "Organic" growth strategy (to commence once at full design) is to have a second similar sized operation within another 3 years
Cheers,
Luker