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Re: sagan post# 50493

Wednesday, 03/16/2011 1:26:00 AM

Wednesday, March 16, 2011 1:26:00 AM

Post# of 83082
Interesting thought sagan. I wouldn't see any reason to be unduly worried about it if we came in at under 1000 ounces in the first production
report, but I don't think that will be an issue.

It is just that, the first production report of the year.

Conditions will continue to improve as we get deeper into the dry season.

John gave a conservative estimate of between 3,000 and 4,000 ounces for this mining season in the October 26 2010 Field Report.

I personally think they are gonna do better than that, but that is the estimate management came up with. Everything else is just superimposed hopes
and expectations. I still think they are gonna exceed the conservative estimate in the Field Report.

It's highly probable that the best recoveries are gonna happen relatively late in the season when the rivers at optimal conditions.

That's not making an excuse for anything, that's just a fact of life.

I think if they hit John's estimated numbers there is nothing to "hold management accountable" for. We'll have to see of course.

There seems to be a real fascination for that concept.

Be interesting if it worked both ways and shareholders were held accountable for their actions.

There have been some real doozies (not you) now and over the years.