|The feasibility numbers for Pretium predicted a head grade north of 15gm/t. The first ore was hand picked and ended up being around 10.5 gm/t, a wicked large difference and an instant issue.|
Next reporting period that head grade fell to 8.2 gm/t, and that is almost HALF the predicted. Every single dollar is the bottom line variety and that is a killer. Production increases and recovered gold decreases ... that ain't exactly what everybody behind this deal had in mind. Welcome to thin width mining.
|Detour has been sucking wind as well as reality is far different from the expected. Major issue is one of management.|
A worker died last year of "acute cyanide intoxication". Forget the $1.5m criminal fine and increased WCB premiums for many years, if possible, this management is led by an accountant, and having a worker death in Canada gives the APPEARANCE the bottom line is more important than employees. Any way sliced it looks bad vis-a-vis the hand steering this ship.