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flemsnopes

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flemsnopes

Re: Chirandi post# 152

Thursday, 03/15/2012 4:14:39 PM

Thursday, March 15, 2012 4:14:39 PM

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I suppose the sell off is related to the projection of lower production this year (excerpted below). I think this is probably just a a matter of being conservative in their forecast, but even if production does drop, I doubt that will matter very much if gold goes up exponentially - which I believe is a distinct possibility. Call me crazy but I bought more at 4.45.

The company expects output at its only producing project, Casa Berardi, to fall to between 155,000 ounces and 160,000 ounces of gold this year from 163,845 ounces last year.

I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!

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