Look at the numbers and the videos. At the end of the 2nd quarter they had a stockpile of 6,300 yards in the 3rd quarter they processed 12,000, mined 11,000 and had a stockpile of 5,300 yards. In the 4th quarter they processed 13,000, mined 35,300 and had a stockpile of 27,600 yards. In the 1st quarter they processed 10,629, mined 0 and had a stockpile of 17,00 yards. All of these numbers are readily available from the SEC documents and have been extensively discussed on the board. Do the math. The original stock pile was 6,300 plus 11,000 plus 35,300 equals 52,600 yards. They processed 35,629.00 yards. Subtract that from 52,600 and you get 16,971 yards which they rounded off to 17,000 in the first quarter 10Q
Further, the MSHA reports show an uptick in employment in the 4th quarter and a drop in the first. Hours worked 2,279, 6,674, and 3,037 in the 3rd, 4th and 1st quarters. From the numbers the only mining done was in the last part of the 3rd quarter and the 4th quarter (46,300 yards). It would appear that they shut down the mining side of the operation while they tried to resolve the water issue which was a smart move on their part.
The help wanted ad is a good sign that they have reduced the stockpile sufficently and now need to recommence mining to keep the operation going. Their ability to mine the deposits has never been a serious question; however, their ability to maintain continuous throughput with profitable recovery rates stil remains open. They're working on that and the hiring of new people is an indicator that the problems may have at long last been resolved. \V/_
Market Data 
Markets 
AI
