Hi ya mate ........ worth reading a post by " Riffgo " on Mon 17:32 ........... he's posted his research notes and fair do's he's spot on .
I like the fact the concentrate we send to Enami ( Government Refinery ) not only contains 3 grams/ton of gold but 0,6% of the concentrate is copper . That's a world class find of copper in a shallow underground mine with several additional entry points available creating mining flexibility . Low grade copper of say 0.25% / 0.3% copper would need high volume but we have 0.6% copper in a shallow underground mine . Owing to heavy rain XTR team were forced into the central Chépica zone which on the XTR website highlights copper finds are even greater there than top side in the soft ore that we were working , gold at 4.32g/t is also substantially higher . I'll attach the link so you can read the lot for yourself but recommend reading " Riffgo " post since that's how I see it too . http://www.xtractresources.com/chepica_detail.htm
Not at all, however Markets are a little more tetchy than they were. The reason we are at a low is due to the report, so fairly easy to at least throw a bone to get people nibbling. Would it be a heart breaker to RNS we are in operation to that capacity, then sit back? Would it add value is the striking point? I fully believe it would do, to me its a real no brainer adding value at zero cost. BTW fully aware people have been gnawing today, not nibbling so good to see. Quantity isn't always better than quality, I would settle for 12 corkers at one a month than 24 duffers any day. Apply that to girls, pints, steaks so its a relative measure even in RNS terms. :-)
I started my business from nothing three years ago to a turnover of over 2.5 million this year so do know what it's like. I am not putting the BOD down and what they have achieved in a short period is amazing and my money is staying put. But they have a PR company acting for them/us I just think we deserve more regular updates I was the one that warned everyone the results were not going to as good as expected, however I also believe that the SP will recover over the next few weeks
With respect, it was easy to jump on the half yearly results as being disappointing because they were drawn to end of June. We all knew we were in a transition period. I grant you the ball mill running at 50% for 2 months was unexpected and made things worse, but I (along with Affe, you and some others) posted a number of times before the results warning not to expect too much. But we now know Chepica is operational and if it's operational then almost any production is going to be an improvement on none at all. Added to that if they installed the new ball machine in October - as they said - then they haven't yet had a full month's production from it. So surely it's better to wait for full monthly production figures from both machines before issuing any RNS. It's hard to wait, but if they go for a production RNS rather than an installation RNS then when news finally comes it's more likely to surprise on the upside - anything near 9000 tons per month would draw attention to the share very nicely now that it's RSI is at its low.
Personally Id prefer our elected leaders to get on with running the day to day operations without updating us with every detail. Have you ever experienced the difficulty in ramping up new operations? Do you appreciate that higher operating efficiencies are often very difficult to achieve in the first few months of operations?
Not trying to be rude but you strike me as very knee jerk. Without getting angry at me give it a few mor emobths and see where we are then. I personally see a tiddler mine company negotiating it's way into a mid cap company under the terrific sterawdship of a CEO with a proven track record. This is the end of the beginning and in a very difficult market. It's not as bad as you make out at all.
Trying looking at thisore as a glass half full and you will see a very encouraging picture emerging. Relative to many other shares this has massive potential.id personally be loading up at these prices. When this pops you will not get a sniff of these again.
Hence we were using soft ore from top side of mine but heavy rain caused main core hard rock to be used to avoid shutdown . This hard rock forced a major overhaul of Mill 2 to take place when the girth gear ultimately broke down . Hence 2 months of 50% capacity , the information is there if you look for it . Good thing with Mill 2 fully operational is when the new ball mill comes into service Mill 2 will be able to work along side meaning in my opinion the 9000 tons/month of ore throughput capacity might be very conservative . P.S. .......... Nightingale I'm an old projects engineer and treat many posters on LSE , bb as I would production , quality engineers hence please accept my apology if I sometimes come across a bit abrupt . Sorry to see some of your posts removed yesterday but that had nothing to do with me .
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