may have been mentioned before

looking at the last quarterly, and watso noted that grades were generally in line with feasibility forecasts. it may well be, that the january figure was an abberration. the other side of the coin is that the company did at some point say, that even though production would be a bit down for january (mmm - ended up being a huge downgrade), but they still expected 30,000 oz for the three months - but have since said that this target wil not be achieved

somewhere, comment has been made about an email, where the company said that it was in negotiations over the long term debt. this all seems reasonable (but would not be an issue of they get the money from ch) - however the quarterly had this to say about the debt

"view has been seeking alternatives do its debt facility ($13m), which due to its nature is restrictive on cash flows in the crucial early phase of the project"

one would presume that the lender has first call over most of the funds that the company receives from gold sales. with production for january down to 6500oz, and possibly most of the receipts going to the lender (keep in mind that watso is just speculating), then most of the cash that the company had, has probably been used up. there is a chance that at this point in time, the company is very much in the hands of its lender, who of course want to protect their loan