Well, it seems I certainly did get that one wrong but that is what happens when the DH's running the company keep the information to themselves rather than tell the shareholders who are then left to second guess. It is however becoming clear that slime is now probably their most limiting problem.
I am surprised that a man of your experience would suggest that the expected 15% gain in March will probably come from tweaking. In my limited experience tweaking is when a series of incremental gains are made over an extended period of time not when you achieve a one off 15% gain in March. I think it is much more likely to come from some modification or addition to the plant to improve the ore before it enters the existing plant, but we are both guessing when the company should be informing shareholders of how they intend to make this gain. Who knows maybe they might see the light and let some cats out of the bag this week.
I think 300K/week is it for 23 weeks but this is much better than 75K which is where I see them now. If they can lift production to 1000oz in March our free cash looks to then be up around 450K. Unfortunately we now won't see revenue figures for this on a quarterly until July 31 2015 when we were previously expecting this on January 31.
PGI Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
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