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Re: phreshmeat post# 46224

Friday, 01/21/2011 9:47:53 AM

Friday, January 21, 2011 9:47:53 AM

Post# of 83074
IMHO, a lot of investors are worked up that essentially they only have one dredge in operation when everybody expected four by this time. I wasn't looking for production numbers at this point in a FR. I was looking for all dredges are placed and running. However, with that said, the test results where the current dredge is working is expected to be 7-10 times the test results in the earlier field report. So simple math, that is like saying we essentially have 1 dredge working that can pull the results of 7-10 dredges based on earlier numbers. Does this make sense? Is this not good news? To me it's like we just purchased 7-10 dredges, all are in operation, out of one dredge. The others are just icing on the cake at this point.