GORO Switchback will be spending most of 2017 building out drifts, and other work so they won't be going into Switchback with half measures. I am not sure how much ore they will be pulling out of Switchback during this build out, however they are very patience, and want to do this right for years to come, and because they have intimated that there could be another Switchback futher down, since the grades keep on getting better and better, and the best build out would allow them to reach the next Switchback if one exists.
I am hoping that the fact that GORO is very proud of the dividend, and being debt free, that they will spend as much money as the can on Issbella Pearl, and not so much on Switchback, except for the build out of drifts and such during 2017, so as long as Gold does not go any lower, (hope!), hopefully they will be able to build out Isabella Pearl on cash flow alone.
I think if slowing down the Pearl for 3 months or so would help pay for it with cash flow alone, Jason Reid would do it.
GORO is very patient when they need to be. IMHO.
Cheers
