stlamcThanksLooking again at that chart I am not sure if I...

stlamc

Thanks

Looking again at that chart I am not sure if I picked the correct graph as the rainfall.

Here is a monthly bar chart that shows the highest rainfall being in January, but it is only 583mm (58.3 cm) which is well below what I wrote.

http://www.weather-and-climate.com/average-monthly-Rainfall-Temperature-Sunshine,Surigao,Philippines

And another, which shows December having the highest rainfall of 653mm for the month

http://www.surigao.climatemps.com/#table

It looks like I was wrong - average for December is 460mm (18 inches) and that it rains on average for 21 days of the month, but there is a drizzle most of the time according to the info here

http://www.myweather2.com/City-Town/Philippines/Surigao/climate-profile.aspx?month=12

The situation looks survivable. My house in the ACT got over 80mm in one 24 hour period last year, and we had months of heavy rains which filled all the local dams. Obviously when it rains like that you cannot do any work outside.

So for me the first issues are getting those pumps there to ensure the pit stays clear of water and to have constant electricity supply.

If they have 100k tonnes of ore on the pad at say 2 gms/tonne (their reserve is much higher), that could be used to produce around 5400 ounces. I really hope they have that 100k tonnes of ore there.

You are brave buying now. I will buy more later once my nerves have settled because my PGI shares have also tanked badly at the same time, and I want more certainty.

I agree with another poster, that things will probably not be fully on track in terms of production until middle of 2013, which is a long time for many punters.

loki



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