RE: 30's15 Nov 2021 15:07
I think its time to put the past in the past.
What those figures have demonstrated is they continued through October in the same vein as they started (many on here thought that was unsustainable)
Production at present is coming from a low grade stope and development as far as I can make out, with the development ore grade being good to amazing grades.
I would anticipate this month's production being broadly in line with October's and December seeing probably around a 20% uplift in monthly production (remember that December production will be slowed by Christmas) January will then see a 50% uplift to full production.
What we are also likely to see is another jump in grade as a higher proportion comes from the high grade areas, I'm thinking it may be an average grade of 2.7% in January.
Another thing to bear in mind is the mill staff have done an amazing job in lifting recovery to 97.5% - that is simply outstanding work and is probably second to none anywhere in the world.
Finally we are going to be going into January with a new hedge, I'm thinking we are likely to see a hedge of 3,500 - 4000 tonnes of copper at around $9,250 per tonne (this is likely to be announced in the next 4 weeks)
So from our perspective January is setting up to be tge perfect storm: -
1. Increased production
2. Improved grade
3. Improved metallurgical recovery
4. Improved Copper price
If all that hits those figures, that will see a revenue of $10 million in January (excluding gold and silver credits).