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That’s fair. I don’t want anyone to lose money. I have no...

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444 Posts.

79

21/02/23

15:20

Post #: 66374832
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Originally posted by Dazedandconfused: ↑

I agree the grades being delivered to the mill are falling short of those projected in the DFS. So far I am willing to accept the explanations. June 2022 the month before things went pear shaped they fed 1.1g/t to the mill which is 0.1g/t shy of the projected head grade... shows me their numbers are probably good.
They are still transitioning to fresh and have been mixing in low grade to keep up the throughput volume.

In 6 months time, if head grades are still down then maybe I would be willing to extrapolate in the same manner as your good self.

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That’s fair.

I don’t want anyone to lose money. I have no agenda….I hope you are right and they get through this. Based on what they say, they can’t (when you really look at the number’s). It just makes no sense, other than a bottom of the rail, opportunist, capital raise by a third rate broker.

It stinks.

CAI Price at posting: 24.5¢ Sentiment: Sell Disclosure: Not Held
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