Having a statistical background, noticed that the grades of ore they have been mining have been substantially below the average of all the past sections mined in this pit. It sugests to me it is odds on but not certain of course that grades will improve in the sections they are moving to mine, perhaps substantially over the average here and there.
A bit of this would help to push the June quarter oz total up, barring further mishaps. They now have a mining engineer on the board who may be inclined to steer them away from more trouble.
The drop in gold today won't help, and it may be the beginning of a slump for a few months as the Dow moves to parabolic heights. The herd is inclining to being on this ride just now.
If you are a contrarian, and think this little bleeder will survive, it could be a reasonable 12 month punt at 1.4c?
Having a statistical background, noticed that the grades of ore...
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