Re: A Losing Battle on Both Fronts
in response to
by
posted on
Oct 13, 2011 03:03PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
JFF7, thinking back prior to San listing on the TSE, there was mention of 25 million shares to be used for future growth and 1/2 likly used ( any one know ) so shares could be in treasure not sure and at what price... Sans Mill upgrades from my understanding is for 1800 tns/day with San currently producing 1500 tn/day and also not sure what Sans mill permit allows. In Ontario, Gov is very strick on over producing so San may beable to push higher as they said in the past of 2000 tn/day. Tailing ponds become a major issue on over producing so San looking at 1800 tns/ ? is any ones guess. I agree San well require extra Milling capacity as these near surface veins allow for higher tonnage to -be handled.. San currently ( last qtr. ) is producing 1500 tns with 1100 tns from surface and recalling from last conference call we were told they had 20 stopes maned and ready..Thinking out loud this 50 tn average/ stope could easily be increase once San gets her new equipment..one ton = 11.4 cubic ft with this in mind a driller drills off a face 6 ft wd trying to follow the gold vein and keeping the strip ratio down with 10 feet of head room and into the face with a 8 ft drill rd...6x8=48x10=480 cu div by 11.4 = his 45/50 tns for his shift x 20 stopes = Sans 70 % from surface mining.. Dale mention possibly producing 250 to 500,000 oz a yr could be taken out of context but if Dale says high numbers then no doubt his drills are hitting good numbers..In-order to produce 500,000 San would have to average one oz per tn x 1800 tns so good luck there...down the road who knows when a second mill would be considerd but very likly.. Reading between the lines San is under valued but this market just don"t care..Long On The Greens.Traps7