I agree with your analysis.
Here on the board you will see some question whether we will increase production with the new CIP tank system and the 4th Ball mill. Their rationalization is incredible considering we have experience running three ball mills for several years, and Ernst&Young gave us an unqualified opinion to capitalize our stockpiled gold, a good portion of which is right beside the feeders. Most people would be able to make the intellectual leap that tells you that a 33% increase in milling capacity will produce more throughput.
Three + One = Four, and Four > Three!!!! Not too much left to prove there...
The reelection of the President in the USA ensures that the dollar will be greatly devalued by the administration and the FED Chairman in the mid-term. Gold will increase in price and has already started its climb. The FTA now in effect in Panama has reduced our cap/ex costs. ANATI is firm in its resolution and Morgan&Morgan is advising Inmet to come to terms without a long painful arbitration that will ultimately go against them anyway.
We will see preliminary Q2 numbers before Christmas and they will be better than Q1. Once the PM facilities are removed the EPS will be directly affected since we are delivering finished product now and there will be no associated costs. This has indeed been a good two months for the company. Do not be discouraged by comments from those who do not understand what is happening before their eyes. They are mostly short-timers of have very small investments with no impact or significance. We will have at least 22,000oz. AuEq. to sell in Q3, and perhaps more.
It would be nice if we stayed low until the the warrants are washed away. However, I do not think that is possible. I understand we will see an increase in our reserves of over one and one-half million ounces AuEq. before the end of the Fiscal Year! All is well.....
"PETAQUILLA ES PANAMA!!"
AI
