Please PLEASE don't upset Kermit, Nistrams he's happy in his pond, popping out regularly to post lots of conjecture and personal diatribes which are accepted by the blog misters.
So if AAM is producing they should have at least $4million in cash and the gold room complete. Some simple maths for 2 months production @ 30,000 tonnes pa with ONLY say 2oz per tonne and $500 profit per oz. = approx $500,000 per week to the bank (times 8 weeks) $4m
To explain their lack of output and news releases consider that up to now they have been running the mill at full throttle with blended DIRT.
SO NO MORE CONJECTURE.... JW tell all of us
1. What's the CASH POSITION?
2. Current Creditors (including work in progress)?
3. Have you sold any more leases?
4. Have your trainee geologists found the "lost load"?
Look at NAV release 02/06/2010 with graphs of daily
a) Mill throughput
b) plant recovery
c) oz of gold to circuit
AAM release similar information
Who's company is it?
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