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Re: losing money here post# 159

Sunday, 07/22/2018 4:54:14 PM

Sunday, July 22, 2018 4:54:14 PM

Post# of 192
Not sure if they actually opened, no reason to believe they didn’t. They did present a budget stating an expectation of 21,000 ounces this year. Up considerably over last years 12,000 ounces. Don’t quote me on the 12,000 though.

Personally, I think if you read the PR’s from Feb ‘18, Jan ‘18 and Dec ‘17, you can easily think some problems exist. IMO, it seems there could be some issues with the Goldrich Nyac JV as well as Goldrich continuing to give away pieces of the company to help with cash flow issues.

All of this is just my opinion. The mining season in Chandalar Is half over and not a single update is troubling.
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