Replies to post #2148 on Gold Resource Corp (GORO)

[checkmate28]

Q2 and todays NI43-101 Well two things here,
If were to believe what the company is saying. The production hit is to Q2 as the rehab/preperatioon for stoping levals 7 - 10 was completed in the second quarter leaving them to fully focus on production in the higher grade 7 - 10 levels during the second half. Its not real clear weather they are finished with the rehab project or is it going to carry into Q3. I look at this as a little CAPEX in return for higher future levals of production.
If this is true, then were looking at a tough few months and a possible hit when the earnings are reported. Hopefully the hit is already fully priced in based on the Q2 production news and Q3 reflects full production from the higher grade zones.
Todays NI43-101 Resource news didn't report the grades and only the AU EQ ounces above the 1gpt cutoff. I had to look in the report to see the grades. They are impressively between 10 and 13 grams per ton

Just my thoughts
Checkmate28