Well said, Mutty.
I don't mind huge development costs if we get something to show for it - but the reserves only increased 30Kozs for the Q. Adding 120KozsPA ain't gonna cut it L/T. I hope there's something to show for the cash spend soon, particularly as the budget for expl & dev is another 7M next Q.
Great job on ozs for Q it must be said - more than I expected - but cash costs were indeed "ugly".
All that and they still managed to put over $4M in the bank.
But whatever you think, the market isn't eating it up.
Waiting game continues... where's Jessie? I need his help.
Cheers,
C12
Ann: Quarterly Activities Report , page-23
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