re: Ann: Production Update Las Lagunas Gold/S... At least we know were things stand.
Clearly not all issues have been resolved, so production is only around 25% of plant nameplate.
These should be resolved over the next 2-3 months so the first quarter of full production will be the March 2013 and the report will be out sometime in late April 2013.
So for another 8-9 months the share price may continue to not do a lot unless they come out with monthly reports once production is at full capacity in December 2012.
The other main driver of the share price will be drill results, if they have the funds for that.
I have waited over two and half years and I can wait another 9 months.
At the current rate of production PGI's annual revenue is around $26.6m. That would not be enough to meet all its costs and repay the loans.
loki
Ann: Production Update Las Lagunas Gold/Silver Pr, page-15
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