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Re: philtila post# 37110

Sunday, 07/18/2010 6:42:35 PM

Sunday, July 18, 2010 6:42:35 PM

Post# of 83081
Reasonable calculations but we must remember that equipment output has not yet ever lived up to expectations.

Your calculations do allow somewhat for that though.

The gold has to be there and estimations are simply guesswork with a desired outcome.

The increase in dredging material still has to be processed and we do not know the capacity and effectiveness of our Upgraded Wash Plants

Our dredges will eventually have to stockpile gravels to be processed in the rainy season, new wash plants acquired to keep up with new dredges or our existing wash plants will have to be able to keep up with dredge output.

SGCP being ready to roll early is Imperative to a successful mining Season

They totally missed the boat this year and actually wasted the majority of our most recent dry season

It is extremely encouraging to see the company wants to prepare for and start early and possibly in Nov of this year.

It is also imperative for acceptable communications with Regular and detailed extractions frequently.

We need to
know: - how much is extracted monthly
- what equipment was used
- the effectiveness of that equipment
- when the equipment is placed and started to Produce

It would also be encouraging to see actual diamond sales Revenue on the quarterly reports.

If they had produced Revenues so far they would have to show on the Financials.

Remember that CC Projects are not restricted by the rainy season.

Any sale of SL1 CC's or the development of SL2 could have profound effect on share price.

The company has never lived up to Projections so I will believe actual results over implied.

Your calculations do show potential which should be recognized and are not without impact.

Potential generates Speculation that can have direct impact on share price.

Overall good post and thx for sharing your thoughts.

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