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Re: Ricnat post# 4051

Sunday, 10/17/2010 8:33:01 PM

Sunday, October 17, 2010 8:33:01 PM

Post# of 26631
If you take the 56.2% increase in throughput from the last PR and extrapolate that with Q1 revenues you get the twenty-three million revenue for Q2. I am sure they will divulge the October production numbers at the AGM; they will probably tell us how much they have poured for the quarter since the meeting is now at the end of the month at November 29th. They have made such disclosures before.

I was wrong about them moving the AGM date for Thanksgiving. It falls later this year so they have actually moved the meeting to Monday after the the four day Thanksgiving Holiday weekend.

If the price of gold increases as the FED devalues the dollar, or even if gold holds at current levels, we will know what the Q2 numbers will look like within 42 days. We will have enough information from the disclosures at the meeting concerning expenses, refinance,Oro de Norte, etc. that it will be easy to do a proforma Income Statement and be very close to the January 15, 2011 official filings for Q2.

The bottom line...we will know in seven weeks what the future holds! We should be well over $1.00/share by the end of November. If they disclose October production at the end of October we could see a major move within two weeks.

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