Ann: December Quarter Gold Production and Cash an, page-87

re: Ann: December Quarter Gold Production and...
Biggest risk for BDR is the grade coming from Tucano. It appears much lower than the reserve grade.

They milled a lot of the lower grade stockpiles as mining from the pit was around 1/2 of that milled for the quarter.

Biggest concern is that Tucano doesn't appear to be preforming. Thank God they are mining Duckhead at this moment. Even with a 30% positive bias on the reserves it still only provides a 32K oz addition in reserves if this consistency was maintained for the current LOM schedule.

Might be then difficult for them to be within guildance.