POET Technologies Discussion Forum

Free
AGORACOM NEWS FLASH

BREAKING:Monarques Gold Confirms Pit Constrained Resource on its Mckenzie Break

  • The mineral resource estimate for McKenzie Break was prepared for two scenarios:
    • Scenario 1: A pit constrained Indicated resource of 48,133 ounces and Inferred resource of 14,897 ounces, and an underground Indicated resource of 53,448 ounces and Inferred resource of 49,130 ounces, for a total of 165,608 ounces of gold.
    • Scenario 2: An underground Indicated resource of 85,059 ounces and Inferred resource of 58,373 ounces, for a total of 143,432 ounces of gold.
  • Monarques Gold now has a combined measured and indicated resource of more than 3 million ounces of gold

Monarquesgold hub large

Hub On AGORACOM / Read Release

Message: Something lurks deep within the md&a.....

That might be news to you Brundal but it is certainly not something that is unexpected is it? If you have been following this forum then you will have noted that it has been expected as a result of the redirection of resources away from low volume products. The hit was anticipated as a result of the work required to produce the high volume product line that will fuel this company for a prolonged period with one time engineering costs.

As has been posted here I think it is clear that the level of production did not take as large as hit as was expected per the analyst report.

I believe that you have some idea why DenseLight has typically lost money as it has been talked about here. Your statement from the MD&A is pretty much bang on to what this company has been doing to transition to high volume low cost products integrating the dielectrics.

 

 

Share
New Message
Please login to post a reply