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Implanting

03/19/13 8:12 PM

#20012 RE: mjkiii #20011

I don't think it's impossible to forecast or to at least get their projections much closer than they have in last two years. Don't they have qualified people there on site that know what they're doing? If they know things like ore grades, throughput, etc. why wouldn't they be able to determine within an acceptable target range what they could produce when they plug in the numbers? If that's not possible then there have to be other problems not being revealed and that would IMO most likely be low ore grade issues.

When they are missing estimates by 30% per year maybe the market's not that irrational.
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ServantofBob

03/19/13 8:49 PM

#20014 RE: mjkiii #20011

Given that the FQM/Inmet deal could greatly impact the loan required from Red Kite, I can completely understand this silent period. This instantly becomes a very different company when it no longer has to give $300 per ounce of gold to the DB.
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redflame

03/19/13 10:09 PM

#20015 RE: mjkiii #20011

Over the last 2 years, the lag time in days for prelim numbers has ranged from a low of 10 to a high of 48 so we could still get the prelim for the 3rd quarter this month. The last 2 years of lag time for prelim numbers issued by quarter: 2/28/11 - 48 days, 5/31/11 - 10 days, 8/30/11 - 15 days, 11/30/11 - 20 days, 2/28/12 - 29 days, 5/31/12 - 33 days, 8/30/12 - 19 days, 11/30/11 - 17 days,