RE: Paddy retweeted by GH19 Aug 2021 11:13
Morning all. Morning RedTrader. Byrnecut initially progressed @ 64m/m. They then increased their workload by doubling their shifts to 24/7. This increased their cut rate to 154m/m.
Today the NCM site shows progress @ Hav between 12/5/21 and 11/8/21 (3 months) to be 99m.
33m/m is a dreadful rate IMO and if true, it depresses me no end. at this rate we will arrive at the orebody in 7 years time!
This is obviously not what they planned for! So there is a miscalculation somewhere.
I have contacted Byrnecut for clarification. Don't hold your breath.
On the brighter side, I was heartened by this comment by Surushi (NCM reporting team):
"...Mineralization remains open in multiple directions outside of the initial estimate, which indicates the possibility for the resource continue to grow over time with our additional plan drilling activities.
We have extensive growth drilling program at Havieron, which is delivering some really exciting results. we have discovered a higher grade, contain some of the highest grade we have seen so far, which highlights the potential to add higher grade ounces to the resource.."
Mmmm.
Best
Z