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Re: Chase Ferguson post# 90707

Monday, 05/21/2012 2:37:54 PM

Monday, May 21, 2012 2:37:54 PM

Post# of 118202
Good question Chase. According to the last PR it sounds like they are in the process of fixing the problems. This last PR was so vague and unclear and actually contradicted the 10Q.
FROM PR:
"The new Operations Manager has begun implementing recommendations from the previously announced engineering consulting firm on improving the mine plant water flow to provide more clean water to the plant equipment. The Company anticipates that these recommendations will improve operating hours of the plant and increase plant efficiency and gold recovery."

However, this statement from the 10Q makes it sound like the water problems are resolved:
FROM 10Q:
"In order to correct the plant throughput and improve the gold recovery the Company worked closely with an engineering firm to perform a complete review of the water process in the plant to improve the delivery of clean water and to optimize the plant desanding process. The Company worked to purchase and install the new water equipment as recommened by the consulting engineers. The Company has implemented a new screen plant maintenance schedule and is working on a new parts inventory system in order to improve the plant operating hours.

Who really knows what is going on? Hopefully Mitch and Rob do....

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