strange today, page-5

Glenalmond , that ain't no ramp mate, but you have done lunch and drinks with John & Chris and the mine and the office.

No one is feeling the pain like I am , with the exception of Chris and Shane and maybe 1 or 2 others.The market makers are making the most of the POG fiasco, they wanted 3.14p yesterday for 400,000 shares when the ask was only 2.5p , you would have thought they would have been happy to let them go. I have not come this far to drop out now, the numbers for Cononish are as good as you get and there will be more than just Cononish .

We are low cost and high grade ,I have ran the numbers using the figures from the last study and the resource upgrade .
I have used USD
Production based on 74,000 tonnes per year and grades from RNS 14/11/2012
Using 50 % @ 13.1g/t Au & 53g/t Ag from the Measured and Indicated Resource
and 50% @ 10.2g/t Au & 34.9g/t Ag from or Inferred Resource.

Gold
37,000 t x 13.1g/t Au = 484,700g = 15,585 Au oz
37,000 t x 10.2g/t Au = 377,400g = 12,135 Au oz

Total Gold produced per year of = 27,720 Au oz

Silver
37,000 t x 53g/t Ag = 1,961,000g = 63,054 Ag oz
37,000 t x 34.9g/t Ag = 1,291,300g = 41,509 Ag oz

Total Silver produced per year of = 104,563 Ag oz or a Gold Eq of 1,901 Au oz using 55-1

Total Gold Eq of 29,621 oz per year

From the previous study of 17/04/12 we know the costs to be $ 575 per oz Au Eq, this was based on
10.2 g/t Au & 37.1g/t Au with a 15% contingency allowance included.

Using the same figure of $ 575 we will have costs of ;

29,621oz @ $575 = $17,032,075

Using a Gold price of $1,350 we would have a gross income of $ 39,988,350

This would give a net income of $ 22,956,275 per year.

No allowance for any premium that may be added to the 25% pure Scottish Gold produced on site.
No allowance for reduced costs due to increased Au & Ag grades

The current nose dive that the POG is taking is a shocker. When you consider the state of world affairs and the rate the printing presses are going at across the globe it does make you wonder W-T-F is going on.
Not pointing any fingers but I blame the yanks
Would trust the good old USA with your money? The germans don't !

http://www.globalresearch.ca/u-s-dollar-collapse-where-is-germanys-gold/5321894


The financial world was shocked this month by a demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank’s announcement comes just three months after the Fed refused to submit to an audit of its holdings on Germany’s behalf. One cannot help but wonder if the refusal triggered the demand.

Either way, Germany appears to be waking up to a reality for which central banks around the world have been preparing: the dollar is no longer the world’s safe-haven asset and the US government is no longer a trustworthy banker for foreign nations. It looks like their fears are well-grounded, given the Fed’s seeming inability to return what is legally Germany’s gold in a timely manner. Germany is a developed and powerful nation with the second largest gold reserves in the world. If they can’t rely on Washington to keep its promises, who can?

Where is Germany’s Gold?

The impact of Germany’s repatriation on the dollar revolves around an unanswered question: why will it take seven years to complete the transfer?
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Strangely enough just after this happened old BERNY said the FED might slow down QE, funny that .
That Gold that the yanks need to find just got cheaper.
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Even the American states now whats going on .
http://www.bloomberg.com/news/2013-04-08/trust-in-gold-not-bernanke-as-u-s-states-promote-bullion.html