expectations, page-5

Yes beast, in the gold miner presentation there was gold grading in the kg/t mentioned. Only narrow but at such high grade the mining width(1.2to 1.4m?) still gives you massive grade. I recall a calculation on the MCO forum of an assay of over 17000g/t over 2cm. You could mine this at 1.4m and still return 240g/t(approx 8oz). At $1200/oz thats around $10000/t a pretty fair profit margin as costs would be much, much lower. Cash cost last qtr was $488 at 11.2g/t, so nearly 3t of ore was needed to produce an oz, if 1t of ore returned 8oz then the costs become minimal.
It is just that I expect there are a lot of new holders after the run we have had who may expect profits to be maintained or increased every qtr. I was just trying to be realistic and alert them to the possibilities.
If they are mining at significantly higher grades then the next quarterly will see $1 blown away and we will all be very happy chappies!!

Cheers Mal