You will find their FS study will suggest the optimal production rate, which is a function of a number of inputs. So once they have their oxide ounces, with strip ratios and Met recoveries etc, they can do the calculations. So it is probably a little presumptious to say the production rate is going to be X ounces per year, when you do not have all of the inputs to reach this conclusion.
As an aside, interesting to see Detroit declare bankruptcy, can't pay its retirees, plus some other minor debts! At least it has come clean. California? In general many informed writers suggest the USA cannot pay its social obligations, including retirees, but lets not talk about that. Ben Benanke, in sharp contrast, would prefer to talk about the improving US and world economy, and give insightful comment on how Gold is really disaster insurance, and how he reportedly does not understand how gold is priced. How is the US$ priced again?
Scientific rigour, thorough analysis and Logic is a rare commodity these days. Worth its weight in gold, so they used to say in the Fed.
ANZ prediciting gold at $1500 per ounce in 2015, when AMX should be moving along?
Good luck to us all.
AMX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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