PGI - PanTerra Gold

[kennas]

Here is a little 8 page presentation of what the DR operation looks like...lots a pictures.

http://www.panterragold.com/userfile...bion%20CIL.pdf

SC, I'm a cynic at heart, and I just don't trust the Albion technology. I don't because if it was so good, then every man and his dog would have bought it and been treating all the bad bad refractory ore that just gets left behind and turning it into gold. If this system was so good, why isn't BHP applying it on decent scales on their A1 tailings throughout the world? Anyway, that's why I come to this stock with some sense of caution. The Albion Plant is yet to be proven on this project. I think if it is, it will literally turn turds into gold.

Having said that, how much is factored in to the SP?

What's the upside?

[So_Cynical]

SC, I'm a cynic at heart, and I just don't trust the Albion technology. I don't because if it was so good, then every man and his dog would have bought it and been treating all the bad bad refractory ore that just gets left behind and turning it into gold. If this system was so good, why isn't BHP applying it on decent scales on their A1 tailings throughout the world? Anyway, that's why I come to this stock with some sense of caution. The Albion Plant is yet to be proven on this project. I think if it is, it will literally turn turds into gold.

Having said that, how much is factored in to the SP?

What's the upside?

I was always a believer in the technology because it was fairly simple and the ore had been tested in the Demonstration plant..so i knew it worked, i suppose what we are about to find out is will it work consistently and will it work (the plant) at designed throughput, thus are the projected numbers fair dinkum?

How much is factored in to the SP?

jeez i imagine that the demonstration plant announcements that i read 3-4 years ago are still available on-line, and considering that PGI is such a small cap and first pour/Albion/Dominican Republic and all.

What's the upside?

My personal target has always been 23 cents, that was going to be sell territory for me and still is...PGI is my only Gold stock now and was held as a sort of GFC 2/3 insurance...im ready to cash in the policy.

[kennas]

Good, they're updating often during this phase. Sounds like it's going to plan, but until they give the actual cost per ounce, I'll remain on the fence.

If it goes to plan at the estimated cost I think your price target is very conservative.

3 July 2012

ALBION OXIDATION PROCESS FUNCTIONING TO EXPECTATION LAS LAGUNAS GOLD AND SILVER PROJECT, DOMINICAN REPUBLIC

PanTerra Gold Limited (ASX: PGI) (PanTerra Gold or the “Company”), advises that the Albion oxidation circuit for the reprocessing of high grade refractory tailings from the Pueblo Viejo mine in the Dominican Republic, is operating at around 80% of oxidation levels established during pilot plant test work. The oxidation levels are increasing daily and expected to reach design levels later this week.

Temperatures from the exothermic reactions in the Albion tanks are within 5°C of the design range within the five tanks, and also increasing.

The oxidised slurry is being fed to the cyanide solution in standard CIL tanks, with gold and silver being adsorbed on to activated carbon in the tanks. Stripping the metals and production of doré bars to complete the extraction process should occur shortly.

Mr Brian Johnson, Executive Chairman of PanTerra Gold, said that the Company is nearing the successful conclusion of what has been an extremely difficult project development from both a technical and corporate perspective. However, if the Albion oxidation process meets expectations, as appears likely, the Intellectual Property that PanTerra Gold has gained could become the cornerstone for the Company to tap into significant business opportunities in Latin America, through participation in the development of mid-sized gold and base metal mining projects involving metallurgically complex refractory ores..

And interesting comments from Brian saying how 'extremely difficult' the project has been. I can't remember him telling us how hard it all was before, I guess we had to just read into it.

[kennas]

Good article on Kitco today explaining the project.

I can't paste in the link as I'm on an iPad, but if you go to Kitco it's in the news.

Perhaps you can paste it in SC.

[kennas]

Positive update but mention of another delay.

I'm still on the fence until they put a $$ on cost per ounce which may take a while.

I suppose by that time the word will be well out and potential stag gains will have evaporated.

ASX/Media Release
23 July 2012

UPDATE, LAS LAGUNAS PROJECT, DOMINICAN REPUBLIC

PanTerra Gold Limited (ASX: PGI) (PanTerra Gold or the “Company”), advises that the Company’s Albion/CIL process plant at its Las Lagunas project in the Dominican Republic is functioning on a continuous basis in all elements of its operation:

 dredged plant feed;
 concentrate production;
 ultrafine grinding;
 Albion oxidation;
 Carbon-in-Leach extraction;
 electrowinning of metals;
 tails neutralisation and redeposition.

Pouring of gold/silver doré has been delayed due to minor issues with the electrowinning cells which have been resolved, with the first gold pour now scheduled for mid this week. Activated carbon removed from the CIL tanks for metal stripping within the next few days is grading approximately 1500g/t Au.

[kennas]

First pour announced but I have a question for Brian

Brian, what are the actual recovery rates compared to the pilot test work and why haven't you detailed this material piece of information?'

FIRST GOLD POUR, LAS LAGUNAS PROJECT, DOMINICAN REPUBLIC

PanTerra Gold Limited (ASX: PGI) (PanTerra Gold or the “Company”), advises that its Las Lagunas project in the Dominican Republic has poured its first gold/silver doré.

Mr Brian Johnson, Executive Chairman, said that this was a significant event for the Company, being a world first in the production of precious metals from refractory ores utilising the Albion oxidation process.
It is anticipated the first shipment of doré to the Swiss refiners will occur mid next month, and thereafter at weekly intervals.

Mr Johnson also said the Las Lagunas project had proved to be difficult from both a technical and corporate perspective, but now it was in production, the immediate objective was to progressively increase gold and silver recoveries to the levels demonstrated in early pilot plant testwork. Head grades of feed to the process plant are in line with the JORC indicated resource grades of 3.8g/t Au and 38.6g/t Ag.

[mr. jeff]

They're getting there with production - teething issues only or are they designed in ?

"Sydney - Wednesday - August 15: (RWE Australian Business News) - PanTerra Gold (PGI) production of gold/silver dore bars is progressively increasing as ramp-up continues at the Las Lagunas project in the Dominican Republic.

Approximately 40 kilos of dore was forwarded to Swiss refiners in the first week of this month.

An additional 120 kilos will be forwarded this week, with a further 200kg expected to be shipped before the end of this month.

It is anticipated budgeted stabilised weekly production of around 380kg of dore will take two to three months to be reached.

Technical and mechanical equipment issues encountered during the hot commissioning of the Albion/CIL process plant are progressively being overcome but have resulted in delays to the ramp-up phase.

Early bars of dore were running at around 30pc gold and 70pc silver but with improving silver recovery, more recent bars are assaying 11pc gold and 89pc silver with minimal impurities, as was expected from earlier pilot plant test work."

[Gryphonik]

Getting close to sorting the issues at Las Lagunas should see this one seeing some clear sky you would hope... any holders thoughts?



LAS LAGUNAS GOLD/SILVER PROJECT

UPGRADE OF ULTRAFINE GRINDING MILL

PanTerra Gold Limited (ASX: PGI) (PanTerra Gold or the “Company”), advises that the 48 hour upgrade of the ultrafine grinding mill at the Company’s Las Lagunas gold/silver project in the Dominican Republic will commence tomorrow morning local time, as scheduled.
Removal of the bottleneck to plant throughput should allow design feed levels to be achieved a few days later.
Forecasts for 2013 will be published after three to four weeks of stabilised production following the mill upgrade, and are expected to be robust, with the project operating to design throughput and recoveries.
The project is being undertaken on a profit sharing basis with the Dominican Republic Government which does not cut in until the Company has recovered construction costs. No profit share to the Government (25%) is likely in 2013 with the first payment anticipated in March 2015, based on 2014 results.
No income tax is payable on profits, and the project should generate strong cash flows and early repayment of project loans.

[So_Cynical]

Getting close to sorting the issues at Las Lagunas should see this one seeing some clear sky you would hope... any holders thoughts?

I personally don't think the SP will take off without the POG having a run, the next leg up...if there is a next leg up?