Ann: Update on Financing and Production, page-61

Oh dear oh dear.

First: slime -The fundamental constituent of slime is the amorphous or clayey matter present in all ores to a greater or less extent and this is supplemented by varying amounts of exceedingly fine granular material produced in the process of crushing or pulverizing.

NOT algae needing a good ole dose of Pool Chlorine.

The graph, yes typical standard - clearly who ever does these has no idea whatsoever what is scientific, engineering or accounting standard training - I guess it's the long lost man last heard stepping from the Clapham bus - the reasonable man. Yes, about that educated. Clueless about what investors need to see about the technical side of the plant because right now if the technical side isn't up to snuff, all the financing etc is just wasted effort. Hence shareholders NEED to know technical stuff and make sure that is bedded down. Chinese or other banks is all a pipe dream if the plant turns out to be as finicky as. I want robust and capable over a wide range, not a fussy eater.

If it can be said, and maybe it is behind closed doors - the tailings are crappier and more unpredictable than we thought and hence the hunt for cleaner ore should lead to better outcomes, I could understand that.


So leaving the dunderhead aside - here is the 3 period moving average (approximately)
750
750
700 733
680 710
720 700
600 667
810 710
1100 837

So why couldn't the "catch up of dore" comment be followed with "..of estimated xxx oz". Its so simple but demonstrates a complete lack of attention to important detail, or poor judgement of whats important.

PGI has been slimed and the long promoted "fixes" were overwhelmed by slimes. So until that is fixed the plant will operate at the current level of 850 oz/week until March 2015.

...for Ghostbuster fans, why wasn't it explained exactly as I have done

After which it is a complete guess because there will be "further plant optimisation" to deliver the 1000 oz. (I am optimistically expecting this to mean tweaking, not more metal cutting, bashing or plant purchases).

Who thinks that getting concentrate in from Nevada will be a walk in the park?

For the love of, is it so hard to just say what is happening - and said clearly?

And yet the CV of the Chairman and BOD read so well. I don't get it. Perhaps the plant really is just an after-thought to the bigger dreams, or maybe the concentrate or gold lease are the only exit from hell?.

Maybe 300k/week $15m p.a is it. For twenty years a divy of 1c/share might be ok, 6% for some 30% p.a for others. But its not, its a 5 years or less mine.