Good afternoon Space and thank you Mum and Pedro are doing fine, finally! Sleep deprivation is now underway with grateful thanks to colic! Well believe we are underway with our transformation into a profitable miner and hope soon we are making throughput upto 9500tpm at the grade target to give higher returns, we should expect a RNS within the next 6 weeks to confirm the increased throughput and headcount reduction. Affe, Im well away from Russia but wont object to Russia effecting the upward world gold price. ATVB
The price you paid I would't worry if it shows as a buy or sell on LSE , it's a good buy price .
drif .........niice piece of research 11:03 . There's so much information out there to back up XTR as a good buy already but like you say a major RNS would put XTR on the map . Whether this major RNS contains details of our new ball mill up and running , tailing's rework from the tailing's dam or just Mill 1 and Mill 2 are still processing 6,500 tons of ore / month doesn't really matter as long as concentrates are still being recovered at 85% . Everything Jan Nelson and his team have done since taking control last February has been transformational , the market will wake up one day ..... :-) P.S. ....... hope Pedro and your wife are doing well .
Trans Siberia Gold. Good looking RNS, high production, good extraction grade and a good gold price, looking good indeed with MC of 14M after todays rally. I looked into accounts there after, dept ridden, high costs of gold production and it is in a volitile area, it has attractions but its not a patch on XTR, soon we should see our major RNS and once people look deeper into buying motives, accounts and the vital management those invested will be more relaxed to hold here. ATVB to all.
Hi ya Affe , it's good that Jan Nelson talks in oz per month not only at the AGM but on the XTR web site but at present we send our concentrate to Enami ( Government Refinery ) to be processed . I did as you suggested and had a look at PAF and what was done with the Barberton tailings but ...... wow ..... that's a costly process when our tailings consists of high grade rock that was purely to hard for Mill 2 to crush . www.xtractresources.com/chepica_detail.htm It's straight forward when cross checking the JPMC audit 13th January 2014 against the half yearly results to realise Mill 1 was off-line due to a failed bearing and ........ Mill 2 was operating but the Girth gear was extremely noisy . Page 26 , 3.1. CRUSHING AND SCREENING . www.xtractresources.com/projects/JMPC%20Report%20Chepica.pdf . cross check with half yearly ........ April 2014 - Installation of new flotation float cells in plant and change of plant set-up leading to improved recoveries from 55% to 85% There's a lot of ore in the tailing dam that should have been turned into concentrate but owing to it's hardness forced its way through the mill , increasing that Girth gear noise no doubt until it eventually came to a stop . Taken from the half yearly RNS ...... June 2014 - Unforeseen Mill failure that reduced milling capacity of the mine by over 50% and also impacted on grades and revenue stream for two months of production . In these 2 months a replacement Girth gear was surely fitted and Mill 1 which was most probably running prior to Mill 2 failure had a new bearing installed . Taken from XTR website ....... At present 6500 tons/month at 3 grams/ton Au and 0,6% Cu only from on reef development . Costs are forecast at US$50/ton compared to forecasted revenues of US$155/ton . This concentrate being sent to Enami ( Government Refinery ) for processing is our income . The tailings dam ore needs to be sent through the mill again with the new ball mill in situe and that 1.3g/t extracted . The harder rock appears to hold more gold / ton why make it more costly than just sending it through a new mill with all the correct procedures followed to maximise recoveries of concentrate from the ore .
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