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Re: gabbs post# 13410

Wednesday, 03/14/2012 11:48:30 AM

Wednesday, March 14, 2012 11:48:30 AM

Post# of 26631
Gold went above $2000? I thought it got as high as like $1928 or so, anyway IMO the high gold price hasn't helped PTQ because their problems are company specific, not POG specific. Imagine where the SP would be if gold hadn't been this expensive.

The reason the SP hasn't done squat is because they haven't made their gold production numbers and that's caused hold-ups in buying equipment and moving the fourth ball mill along. IMO it will also hold up LP from being on time. Lower production is less money being made to pay for expansion, hence this latest silver lease deal.

We've benefited from high gold. That's not been the problem.

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