Disapointing.................no its an unmitigated disaster.Here...

Disapointing.................no its an unmitigated disaster.
Here carefully spun up for you is the most optimistic spin placed on what is the most appaulling set of production figures. Half of forcast production simply doesnt exist.

What is the import of this? Is the mine half as profitable, no its fighting for survival because its brave little mill simply CANNOT profitably mine the orebody even at 140% over design.

Hang on its not a production disaster its a change of "Direction" its a "New Mining Strategy" a planned interuption to grade..........I call Bunkum. I believe the rabbits with mixy are running in all directions smashing their faces into any and all obstacles.

Heres the issue folks its the wrong mill in the wrong place and thats freely admitted now. The lower than forcast grade requires toll treating in a higher capacity mill(hello hello JW). I personaly really enjoyed hearing about Regis resources and their reserves in the middle of their Quarterly. Nick Georgetta would spew if he could read that. The cheek of it. Regis and its management and assets are in an alternate dimension.

If you want to Buy go ahead. Theres nothing in these fundamentals to support that course of action. Whats an asset worth when its in debt, and in the wrong place? Is it worth 16 Million? whats the plant worth? whats left for the shareholders. Maybe some algorhythm somewhere has this as a buy? I prefer to look at the stark track record of the asset and management. Its a very very long way back from here.