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Rusirius

04/30/14 12:25 AM

#19458 RE: silverlake #19457

We will see. I don't agree with your view on how good planning has been. I recall that 18 months ago, according to company announcements, 20,000 ounces of gold per year was going to be profitable. Clearly that statement could not have been based on fundamentally sound planning. As time has shown, it was never going to work. Why go with a 20,000 ounce per year production strategy knowing that it cannot make money. Why not go with 40,000 ounces from day 1? There was nothing stopping them? The tons that have been mined to date could have contributed to cash rather than eating into it IF realistic planning tools had been used. The signs are there for all to see - well for those willing to see. Time will tell.
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Rusirius

05/09/14 1:32 AM

#19481 RE: silverlake #19457

If I was one to say "I told you so"..... My next prediction is that SP = $1.00 in less than 6 months - based on fundamentals NOT emotion.