The number of hours between July 1, 2024, at 12:00 AM and December 31, 2024, at 12:00 AM: July has 31 days. August has 31 days. September has 30 days. October has 31 days. November has 30 days. December has 31 days (we count up to December 31, 12:00 AM). Adding these up: 31+31+30+31+30+31=184 days We assume the plant is operating 24/7 as detailed in the DFS. Each day has 24 hours, so: 184 days×24 hours/day=4416 hours Therefore, there are 4416 hours between July 1, 2024, at 12:00 AM and December 31, 2024, at 12:00 AM. If we can mill 120 tonnes in one hour (according to Segun Lawson), we can calculate the total amount milled in 4,416 hours by multiplying the two values: 120 tonnes/hour×4,416 hours=529,920 tonnes So, we can mill 529,920 tonnes in 4,416 hours. If we can recover 1.78g from each tonne (stockpile grade as at end of Q2) - 1.78g/tonne x 529,920tonnes = 942, 057.6g of gold which is approximately 33, 230 oz of gold If we get an average of 3.42g/tonne (as the avg grade milled in Q2), then 63,927.49oz can be obtained. If the average grade milled is 2.85g/tonne (as in Q1), then we can recover about 53Koz of gold which just about meets guidance when added to H1 figures. They are probably milling the higher grades and putting the lower grades into stock-pile which is a great strategy. So will Segilola meet its guidance? I don't know. We will have to see what the ground yields
The number of hours between July 1, 2024, at 12:00 AM and December 31, 2024, at 12:00 AM:
July has 31 days.
August has 31 days.
September has 30 days.
October has 31 days.
November has 30 days.
December has 31 days (we count up to December 31, 12:00 AM).
Adding these up:
31+31+30+31+30+31=184 days
We assume the plant is operating 24/7 as detailed in the DFS. Each day has 24 hours, so:
184 days×24 hours/day=4416 hours
Therefore, there are 4416 hours between July 1, 2024, at 12:00 AM and December 31, 2024, at 12:00 AM.
If we can mill 120 tonnes in one hour (according to Segun Lawson), we can calculate the total amount milled in 4,416 hours by multiplying the two values:
120 tonnes/hour×4,416 hours=529,920 tonnes
So, we can mill 529,920 tonnes in 4,416 hours.
If we can recover 1.78g from each tonne (stockpile grade as at end of Q2) - 1.78g/tonne x 529,920tonnes = 942, 057.6g of gold which is approximately 33, 230 oz of gold
If we get an average of 3.42g/tonne (as the avg grade milled in Q2), then 63,927.49oz can be obtained.
If the average grade milled is 2.85g/tonne (as in Q1), then we can recover about 53Koz of gold which just about meets guidance when added to H1 figures.
They are probably milling the higher grades and putting the lower grades into stock-pile which is a great strategy.
So will Segilola meet its guidance? I don't know. We will have to see what the ground yields
Undervalued to the bone!