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Re: badge792 post# 13415

Wednesday, 03/14/2012 1:50:39 PM

Wednesday, March 14, 2012 1:50:39 PM

Post# of 26631
That's right. A high POG is great, but when you miss your numbers by a minimum of 20K oz. for the year, therein lies the problem. I was told by the person I spoke with yesterday that the fourth ball mill was planned to have been COMPLETED by the end of this Spring, so that meant an April/May timeframe, and probably before the rainy season starts again. They supposedly won't have the money for it before this silver deal with DB is completed, so where that puts them at with completing the job is anybody's guess. That might all depend on the weather, availbility of getting the equipment, and of course getting it there and installed. It would be nice to hear from management on this issue, as it is very important to ramping up the gold production.

As far as projections go they probably shouldn't even be giving any. I say that because all they have done so far with them is disappoint. I won't be surprised if they miss the lower projections for Q3. If you don't know what you can produce why even try. When the pieces are all in place maybe then you can get your feet wet and until the HL and fourth ball mill are all operational it will be hit or miss IMO.

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