Q36 Oct 2019 12:25
As we move towards Q3 results I have been wondering what we can expect.
We know that in June the last month of Q2 34,000 tons of ore was mined. So, I see no evidence to say that July would not be a similar amount.
In August we were told that the new larger crusher had been installed and would work along side the existing one to provide enough material to process and stockpile for the wet days in the new year.
Therefore, I am assuming 40,000 tonnes in August and September can have been achieved. This would give a throughput of 114,000 tons of ore to be processed.
In Q2 the grade was 4.46 ctht
This would give us around 5080 cts of diamonds and at $400 per ct would generate just over $2M.
However
‘There were 1,326 carats on hand at the end of June, which will be placed in the July tender’
Which will add around $500K to the bottom line
Should be an interesting few days