(I currently own a very small position, 20,000 shares, in a Rollover IRA account. I admit, I am not up to speed on this company, and I am about to show my ignorance)......
Reading the company news release from June 5th, I wish they would have broken it down. What was extracted from the 300 lbs from Ghana, the 500 lbs from South America, or the e-scrap? Why not break it down?
Although it is encouraging, how in the world did they get 36 ounces of gold from less than 1000 pounds of material? That's less than 1/2 ton. How in the world does this "ore" contain that much gold? (It can't be "ore" the way I am used to thinking about what "ore" is).
I know in prior press releases, the material to be processed was sometime referred to as "concentrate". From a November 2006 press release, "The first bulk run consisted of 70 pounds of Ghanaian concentrate that was processed in a Haber mobile unit, designed to be used in remote areas". In this press release, unless I am missing it, I do not see the word "concentrate" until the very end of the article.