This is accurate, but well over the head of most of the bashers who cannot understand. Volume picked up overall yesterday signaling that the panic selling of small quantities is reaching its crescendo and we should start the climb back up in a couple of weeks, as the last ones jump over the cliff.
Weather is cooperating so far and we should have a really good Q4. Only three and one-half weeks until the last pour of the year!!
The Behre Dolbear 43-101 should have put the "low grade monster"back in the box; the next two 43-101's that are in the pipe line and being finalized should kill off the "mine life bogyman"; expansion will be done soon. That only leaves "management" for people to bitch about. All they did was grow the company; build the project; bring it into commercial production and payoff all the LT debt in one year; and reach breakeven to make it a profitable enterprise.
Now if they would just take it private and buy out the few loose shares that are bouncing around reflecting a ridiculous share price in the retail market, we can concentrate on producing the 150,000-200,000 oz. of gold per year, and use the money for other investments. Buying up the publicly traded shares for a couple of bucks each would certainly make a lot of sense, and preserve the confidentiality with no further reporting requirements.
Has anyone read the details on the initiation of production in Portugal this fall? That may well push us to above 200,000 oz. in total next year, and with Spain coming on the following year that will be well over 300,000 oz./yr. I wonder if we will still be able to scoop up shares below a buck in 2013 assuming they don't go private??
AI
