This is what i have Fifer asked polite, to say me, why he think so that the aggregate production will keep their cash costs down and if he can show me this with facts (because the quarter report shows that exactly the opposite is true)....
I didn´t get answer on it.
But it´s the normal way, that how much more ounces you produce that more down going your cash costs. It´s easy to understand normal, because you can dilute your G&A to more ounces.....
We have to cooperate here to bring there a new management on line and everything will be going good.
The properties are good, i was already on all 3 properties. Concentration on the Stockpiles in Panama would allow us to produce soon 4.000 ounces per month via Heap Leach. They can finish the Leach Pads with some part of the FQM Money in round 3 months. And that it works have show already the testproduction on the small leach pads. No doubt about it!
They not need much workers for the Heap Leach, so the cash-costs should be about 400-500 USD. It should be very profitable, the stockpiles are already there.
And don´t underestimate the property in Portugal. I was in contact with many people that really understand the mining business and not less have told me, that his property is more interesting then Lomero Poyatos. Ok, you can the first 3 years do only work with a small pilot plant, but after you can start with commercial production and there is really high grade gold. One sample was have even 523 Gramm per tonne!!!!!!!!!!
I have try many many times to work together with the management, develop a plan to bring the company asap back to profitability, but they really don´t let discuss with them. They believe their way is the right and no other way.
But the owner of the company are we shareholders, so lets cooperate us to change the management and BOD. It would be the fastet way to bring the company back to profitability. And what maybe even is more important, to get back trust on the stockmarket.
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