Rambler Metals & Mining Share Discussion Threads

[killing_time] 04/9/2012 18:02

Ok snowy, wires crossed there,i do not know the answer to that one.

[snowydays] 04/9/2012 17:03

Killing-Time, I meant for the secondary processing of the tailings from the concentrator. The tailings have already been crushed and grinded, but as the concentrator is not very good at recovering precious metals up to 10oz gold is being lost in the tailings every day. Putting the tailings through the hydromet should allow most of this gold and silver to be recovered before the tailings are disposed of.

Rambler has implied that it intends to use the hydromet for secondary processing of the tailings at some stage but initially they are not doing it. I do not understand why as it should produce another $5m a year or so at very little cost and also keep the gold recovery rate above the 85% level below which Sandtorm receive a higher precentage.

It may simply be a lack of power to run both the concentrator or hydromet simultaneously or a shortage of chemical agents. That's why I ask if anyone knows what needs to be done and how much it will cost.

[killing_time] 04/9/2012 16:43

Thanks chip.

snowydays,

At this time their is one crushing and grinding circuit at the front end of the mill, so the gold hydromet and copper flotation cannot be run simultaneoulsy.
In order for them both to run together a new crushing and grinding circuit needs to be built. This has been talked about loosely by the board to pi's but as yet nothing seriously. I do not know the cost of this.

Imo this would be great news if they did this as we would be able to process not only our gold but also do other companies processing like Maritime ect. KT.

I was just wondering if this sort of imformation is being told to analysts at the roadshow.

[snowydays] 04/9/2012 16:15

Do you know what needs to be done in order to make the hydromet useable at the same time as the concentrator, and how much that might cost?

[chipperfrd] 04/9/2012 16:08

KT,

I think they are referring to the additional processing of concentrator tailings through part of the existing gold plant in order to improve the overall recovery of gold from the 1807 ore.

This was mentioned in the original feasibility study.
Chip

[killing_time] 04/9/2012 15:57

Interesting post snowydays.

" Welch highlights that the next step for Rambler will be to bring the gold processing plant online, it could come online early next year."

This is news to me, are we going to build a new gold processing plant?. There was a rumor about a gold circuit running side by side with the copper processing, but this is the first i have herd of it from an analyst.

[snowydays] 04/9/2012 15:39

"The analyst said he expects Rambler to produce 12,000 tonnes of copper concentrate before the end of this year and estimated that this would fetch in excess of US$25 million for the company."

[killing_time] 04/9/2012 09:10

I'm guessing that the first 585tpd was the average for june then they redone the figures by taking out any days figures where they stopped the machines so only including the days when they had full production to get to 678tpd.
The same is for August as 706tpd is only a guide to the days when they had full production and not including the days when they stopped for a few hours to adjust the equipment.
You cannot use these figures to work out proper average monthly production.
The real production figures will come out in the quarterly report.

My view was that the copper concentrate in storage was impressive because we haven't had a months production without stop start and yet we are producing at a good rate without hitting top speed. KT.

The clue is the (1) by the figures meaning they have only used hole day production.

[snowydays] 04/9/2012 08:46

Does anyone understand this:

In Ramblers RNS of July 16th it says:

"Average tonnage rate and mill head grade for May 2012 was 455 dry tonnes
per day and 1.49% copper equivalent with the rate and mill head grade
increasing in June to 585 dry tonnes per day and 2.16% copper
equivalent."

But in todays announcement they stated:

"The average milling throughput has been steadily increasing from 678(1)
mtpd in June "

So what was June's throughput? 585tpd or 678tpd? If it was the latter then increasing to 706tpd is not particularly impressive.

In todays announcement it states that all figures are dry metric tonnes unless otherwise stated, so that is not the discrepancy.

At least the shareprice seems to be holding up despite todays news.

[cfro] 04/9/2012 08:24

Completey agree KT, this is a great update. I know its not the 'commercial production' update we all wanted but we are really not that far away. I reckon now only about three weeks.

As you say 706 mtpd which is well above the 630 mtpd estimate and looks like there is stil room for improvement in head grades.

I do feel that George O is doing a fabulous job here with what we have achieved in only four months.

[killing_time] 04/9/2012 08:04

This is a good update from Rambler.

We are now averaging 706 mtpd, well above the 630 mtpd estimate.

We increased copper concentrate at the storage warehouse by 3,200 t in only a month and a half to 4,500t ( 16th July 1,700t ).

Head grades from production up to 3.83%, and thats still with blending in lower grade ore.

Commercial Production in Q1, thats this month.

[snowydays] 04/9/2012 07:40

Very disappointing update. Still no "Commercial Production." Still blending in low grade LFZ ore. No mention of repaying the outstanding Sprott loans. There is an unspecified mention of unproductive days and unscheduled maintenance over the period.

Just 4,500 wmt of concentrate produced in four months. Just enough to break even over the period. Fortunately the higher grades in August would mean that at least Rambler is profitable if there is not too much downtime. At current rates producing about $5,000k worth of concentrate each month with costs of perhaops $2,500k each month. That should produce reasonable cashflow, but lower than hoped for. At least the company is not going bust yet.

Brace yourselves for another fall in the shareprice.

[cfro] 04/9/2012 07:34

Well, still not 'quite' commercial production that we all hoped for but certainly we are not that far away now.

4500 metric tonnes produced and we need to get to 5500 MT to call for shipment and then we can state comercial production i believe.

[saucepan] 04/9/2012 07:23

Well, George Ogilvie thinks that "Rambler continues to make great progress. . ."

I am inclined to agree. I look forward to what others here and the wider market make of today's RNS.

[killing_time] 01/9/2012 09:36

IMO the RNS will have to come out before or on the day of the first presentation as this is the news that will help Rambler sell our story.
Canada has a bank holiday on Monday so no RNS then.

The road show and presentations next week are for institutions and financial managers only as someone on iii contacted Rambler about going.

[snowydays] 31/8/2012 18:33

Or late next week. If they are going to give us figures for August, the month does not end until midnight! I doubt if the bookkeeping and number crunching people will be working over the weekend to collect statistics and compile them into an RNS for us.

[cfro] 31/8/2012 16:51

Sp climbing nicely all day, then tailed off at the end which is disapointing but hopefully we will have that important news now early next week.

[cfro] 29/8/2012 18:10

Could very well be an insti buying, perhaps Tinma. Lets hope so.

Nice to see RMM finally starting to move back up off of these ridiculas lows after the RHPS sell-off. The shares should never have been down this low in the first place imo.

[snowydays] 29/8/2012 17:00

When RHPS gave its sell recommendation the next day there were lots of very small sells. Many of them were for just a few hundred pounds. The size of todays trades makes me think it is more likely to be institutional buying. How many people can there be following a small company on a 111 messageboard? Surely a couple of dozen at most.

[killing_time] 29/8/2012 16:29

True, but if you were spending that sort of money you could speak to Rambler before hand.
ManicMiner2 does have a good reputation when it comes to RMM, he says he used to work at that mine many years ago, though as you would say its hard to prove if someone is telling the truth.
As for following what someone writes it was only a month ago that 100+ pi's dumped RMM shares because of someone they have never met sold out.

[snowydays] 29/8/2012 16:17

There are some large trades today 82,000 and 50,000 for example. I hope that PI's are spending that sort of money just because an anonymous poster puts something on a bulletin board.

[killing_time] 29/8/2012 15:57

I would put the rise down to ManicMiner2 post on iii last night. With a good RNS expected early next week, pi's are just getting in before hand, imo.

[snowydays] 29/8/2012 15:36

Nice rise on good volume today. Either there was something in one of the weekend newspapers which we all missed or possibly some institutional buying. TIMNA increasing their holding or better still another institution or two have decided they want a share of the action.

[killing_time] 29/8/2012 10:59

I would just like to say a big thank you to the idiot who runs RHPS, because of you i was able to top up at 27p and at this moment in time i am one happy bunny. :0)