Ann: Cardinal Investor Update, page-58

Yes that is the way I see it.

You missed one point though, the concentrate still has to be processed some how to remove the gold from that 2%-3%, what we need to know is.

What is that process?
How much does it cost?
How much gold is lost in the recovery process?

The don't say so, is it great news to me simply no, this is the exactly same thing they said last week just in a different way with abit more detail.

If they can answer my additional 3 questions positively I would call that positive and CDV would be charging back up to it's highs, until then it is what it is.