garrye
You have summed up my view.
They also need to improve the gold recovery rate to around the planned 84% given in some earlier report I believe I saw, rather than the 69% achieved in the latest quarter. That alone would boost revenue by 21%, ie 1,000 extra ounces and an extra $1.6m in revenue!! I understand they are working on this issue.
The gold seems to be there because they are not mining the best areas and are finding enough gold to cover non-capital costs despite being only around 27% operational - a truly amazing achievement. Now that is what I call a potentially lucrative gold mine if they can get it working to its potential.
loki (frustrated shareholder)
Ann: Quarterly activities report , page-15
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32.0¢ |
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