Ann: Quarterly activities report , page-23

Timber, great eyesight! I completely missed the line with estimated revenue.

So, estimated revenue is $15mill to $25mill. Thus, RED estimates gold sales next quarter somewhere between 8.6k oz and 14.3k oz. That's 11.45k oz midpoint -- a tad below my 12k oz estimate. (NOTE: This assumes silver is 2.7% of total revenue although it varies tremendously and might just be an expense deduction rather than revenue item).

Two concerns with these estimates. (1) they represent sales, not production (RED has at least 2k oz gold ready to sell); (2) these are RED's projections, and we all know how well RED has projected its revenues. For instance, the Sept12 cash flow report estimated $20mill to $30mill revenue for the Dec12 quarter. Yeah, right! :-)

HappyCats, yes: "its gotta come good next quarter" is an apt statement. I'm patient but eventually there is the "present value" of money factor. Every investment has to contribute eventually (Colinj, I feel for your 6 year wait.) Hopefully positive results ahead.