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Re: Wolverine1997 post# 96268

Thursday, 08/23/2012 12:47:35 AM

Thursday, August 23, 2012 12:47:35 AM

Post# of 118202
Given, the significant lack of information from the company 1.5 grams is a good ballpark figure with the numbers that we do have. What's really laughable is your continued defense of poor performance and refusal to admit that much of the gold in the deposits is going out the door in the tailings. With all of the modifications that have been made to date the recovery rate hasn't improved significantly. Their recovery rate is actually lower now than when they initially started up five years ago. During that time frame they actually had a few profitable days. We're half way through the third quarter and no news on the water issue and no recovery rates--that does not bode well. Wait until next year only works if your a Red Sox or Cubs fan. The third quarter is critical as many have said. There should be some money coming in from Blackfire in September and there's the divdend play, but the really important issue is making the mining operation pay for itself. Don't forget that there's a lot of debt due at the end of the year. \V/_

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