Vasco, thanks, but that looks like a plan/forecast not what is actually going on (although it could just be starting). I have not seen any hard, verified, numbers yet of what they are doing right now in terms of production.
from PR 8/24/06
"They confirmed that it [Las Malvinas] is a producing mine, although currently not at any high production levels."
-in other words, not significant production or artisan-like production at best.
from the PR 6/26/06
"This mine [La Esperanza] has been operating for a dozen years on a rudimentary basis. We fully expect that once full production is reached La Esperanza has the ability to produce, consistently, for over 50 years," commented Jairo Giraldo, CEO for MGM Mineral Resources."
-again, "on a rudimentary basis". so even if there is 1.5 million oz of Au at La Esperanza, producing for 50 years means producing an average of 30,000 oz per year. I would hope for higher goals than that (i.e., at least producing 60,000 oz for 25 years).
Still makes this stock worth alot more than current PPS if its all true...appreciate any other comments, insights, etc
again...IMHO...GLTA...RU
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