Hello Silverback,

This was just the question I was puzzling over, trying to understand, and I came to the same conclusion as you, c 85% recovery. Glad you asked the board, and I'm hoping someone will clarify this. Last time I was told to read the SEDAR, which obviously I had done already in all its detail. It would be nice if the report mentioned recovery rate directly.

On the very positive side, taking Sep milling at 792 tpd, that's 71.5 kt potentailly over the next quarter. If 0.4 oz (11g/t) is mined, or even 10 g/t then

71,400t x 0.4 oz/t x 90% recovery = 25,704 oz potentially for upcoming quarters, as the report mentions working through lower grade material at the moment. Hopefully if it gets to half way between 10 koz and 25 koz, that would be great.

The figures you identify in the table look really confusing to me, so maybe we are wrong.

The report doesn't seem to include a clear statement on production costs per oz if seperated out from all the other work SGR is doing. The report doesn't really point out clearly when production went full time (24/7?)....that would be interesting.

Some of these interesting details not in the report seem to be standard in other gold company SEDAR releases......that confuses me and does make it more difficult to assess the relative merits of this company.