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Re: SOUTHPEN post# 13346

Thursday, 05/10/2012 6:59:03 PM

Thursday, May 10, 2012 6:59:03 PM

Post# of 17231
The call was crystal clear to me. Called in 2 minutes before, and zero problems for me. Besides the company planned response, there was only one major caller (I forgot the company) that was trying to find out about the seismic activity that affected several higher grade stopes, available during 2011, that were idle due to the seismic activity. These stopes are currently under repair and re-development. And they indicated that will take into Q3 at the earliest. That can't help the current lag in production. The questions asked were answered in a unenthusiastic, mundane effort on the part of the company rep, IMO. Once again, not good in the current environment.

And then a French sounding individual tried to get the company give an indication of the projected cost of silver mined in the Coeur as compared to the Galena, higher or lower? Pridham danced around the question, and then apologized for "not understanding the question".
And then he still didn't answer the question directly; just indicated that 50% of costs are fixed, and higher production rates will lower overall costs. Well, duhhh, that's true, but the questioner wanted a more direct comparison, to no avail..

Don't think this is qoing to go very well to the institutions that are involved here folks. I hope I'm wrong, for your sake.

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