At this stage one could be forgiven for thinking something shifty is going on here.
Is this prolonged low production level an attempt for directors to build debt equity?
Is this a “lifestyle” company producing just enough to keep the lights on till they have enough debt equity?
Below is the grades we produced on minimal tonnage last quarter (after updating the plant to produce more ironically) and what is considered bonanza grades. We are well above bonanza grades.
Am I missing something here?
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May River Update, page-53
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