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Thursday, January 13, 2011 4:20:01 PM
You know I don't like bad surprises...that's why I try to anticipate them. Whit still manages to disappoint but my question is.....they just delivered the first silver bullion shipment from the Stage 1 process, correct? Does this mean that silver revenues for Q4 2010 will be $0? I mean was there still silver produced or what's the deal? Stage 1 was operational since September. Q4 was the first full Q using Stage 1. The first shipment of silver was just the other day which is Q1 2011. Does this mean nothing produced for Q4 2010 during the transition or am I missing something (besides my sanity....I already know that's long gone).
Any insights would be much appreciated.
Btw, my gut tells me Q4 fert sales won't be as good as Q4 2009.
Whit mentioned in a PR that fert revs would be about the same but that was before the big snowstorm that dumped 4' in the mountains and I believe even Reno got over 1'. This would push revenues forward into Q1. Silver revs should be great for Q1 (especially when compared to Q1 2010 $34k number). It's the Q4 silver number that I'm wondering about. What do you expect??
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