Review the numbers and discussions.
True they project 100,000oz. AuEq. for Fiscal Year 2014. That ends in May 2014. That is when the ore from Iberia starts arriving. You will find, I am sure, that they have projected and shown in the presentation at several conferences, including a color presentation handout, that they will do 130,000-140,000oz. AuEq. in CALENDAR 2014. With the new heap leach pad also coming on stream about that time 16,666 oz.AuEq. for January 2015 is not much of a stretch.
Don't forget that there are seven months left in 2014 after the end of the Fiscal Year. Production has ramped up 30% with the 4th ball mill. Digi just told you it will be increased another 25% over the next few months to 5,000 t/d. That was also in the newspapers in Panama. The ore grades from Iberia are fantastic and we are shipping at a rate of 240,000 tons per year by the end of Calendar 2014.
SURE ANYTHING CAN HAPPEN BEYOND THE CONTROL OF THE COMPANY. LIKE AN EARTHQUAKE LIKE WE HAD THIS MORNING COULD BE CENTERED IN COCLE. However, planning is done based on what is known and what can be controlled. The plan is for an annual rate of 200,000oz. AuEq. starting no later than January 2015.Your opinion that this is a "pie-in-the-sky projection" is certainly as valid as anyone else's opinion.
I base my opinion on the facts that I know currently. You base yours on past failures to meet projections. We each make our own investment decisions based upon our judgement. Personally, I and others are, whom I communicate with, steadily accumulate all the shares we want at very low prices. Those selling to us probably share your vision for the future of the company, and have just given up or grown tired of waiting. As VB likes to say, "glass half full or half empty".
GUESSING AND PLANNING ARE NOT SYNONYMS.
Planning synonyms, Collins English Thesaurus: noun. = scheme, system, design, idea, programme, project, proposal, strategy,
method, suggestion, procedure, plot, device, scenario, proposition, contrivance. It is a formal function very necessary to successful operations of a manufacturing or processing entity. Our plans are for 16,666oz. AuEq. January 2015. God willing and the creek don't rise!!!
