From the announcement today dealing with Mar Qtr results and...

From the announcement today dealing with Mar Qtr results and developments:

The company compares the amount of silver produced in the Mar Qtr to that produced in the Dec 2007 Qtr.
Garry Edward describes this Qtr's production as the best Qtr to date at 73,000 0zs.
Dec 2007 Qtr's production was only 48,000 ozs. That's his figure I've read 46,000 ozs.
Sounds on the surface like a dramatic improvement doesn't it?
Remember, in previous discussion here, how the best case was made out for Twin hills production?
The best published month of Dec 2007 was taken and 'quarterlised'. That is it was multiplied by 3 to get a hypothetical best case for the next quarter. The justification being that Dec 2007 was the first month that continuous shifts were worked at the Electro- winning plant.
So Dec 2007 production for that month only was 37,000 ozs.
And a predicted best Qtr for Mar was:
37,000 X 3 = 111,000 hypothetical ozs
So they not only didn't improve production of the amount of silver, they fell short by:
111,000 hypothetical ozs - 73,000 actual ozs
That's a 34% shortfall on a reasonably predicted rate for the Mar Qtr.

Also the purity of the powder has not improved. Still at ~ 81% purity. You have to work it out still; they dont give it to you.

However they claim they have had a trial done where they can get "most of the impurities removed" and anticipate this being done in future for a cost of only 2% of the contained silver value.

They say they are preparing a consignment of silver for sale, but again give no indication of the price to be received.