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Saturday, October 12, 2013 7:09:24 PM
........The decrease in the strip ratio is probably related to getting some production from the Mary pit, which was still under development during the last quarter but would have accounted for additional waste ship as they were clearing the overburden. But the net increase in gold output is real and significant.
http://www.mexicomike.ca/php/phpBB2/viewtopic.php?t=14906&postdays=0&postorder=&start=0
As a friend of mine likes to remind me all the time, buy on fishing lines and sell on rhino horns.
That plan is still working where this lil producer is concern. This is a real tortoise, no 2 ways about it, but it WILL, yes will shine! This outfit just keeps plowing back into expanding the resource by retaining all revenues for all practical purposes, and just growing and doing, organically financing as they go.
This 3Q alone shows the following gross revenues at $1300 pto Au, and at $21 pto Ag.
9,632 ounces of gold : $12,521,600
and
3,702 ounces of silver: $77,742
WAAAAAAY better than a poke in the eye!!
Remember Scorpio gets 70% of these estimated quarterly valuations onto THEIR ledger.
A sweet little CIL/CIP circuit op, indeedy!
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