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Implanting

02/22/12 12:30 PM

#12975 RE: redflame #12974

I take my cue on where the company is going from what the company publicly reveals to all shareholders. Just like everybody else here that's not privvy to insider information. If indeed they have based their production estimates on what's happening over at the Inmet concession that IS naive IMO. They had no control over that. They do however control what they project for production numbers.

Fifer said the reason they missed production numbers for last quarter was because they didn't have the new crusher set up. There have been other excuses in the past for other missed quarters, but I never heard them claim the reason for misses were due to the delay of start-up from Inmet.

The numbers you're giving aren't anywhere near the numbers management has said they can do, so to this point I would say they are pie-in-the-sky. I realize this is a little mine out in the middle of nowhere and that's part of the problem, but I have to see some real improvement in their production numbers before I believe they can achieve what they say they can and so far they haven't proven they can make their numbers on a consistent basis.

If that changes next quarter and they can build on that, then that's a good first step, but to this point I think you're giving them way too much credit.