min 500,000 oz

The take from today's announcment:

- min 500,000 oz of gold but from a lower grade av deposit. Which is what most expected.
- grade seems down but combined resource seems to be the same?
- as discussed indepth by every post, wrong plant wrong location.
- board considering options

It seems obvious to me a min 500,000 oz is nothing to be laughed at considering this is only part of the expected total resource. Unfortunatley what seems obvious to me and i assume many others is that AAM needs to downsize its payroll, sell up the plant, apply the proceeds to pay the debts, remove Watpac (for the moment at least), use the rest of the proceeds to drill out the northern areas and pay to treat the ore down the road at someone elses plant.

Even if they only make $400 an oz over costs that is a significant amount of $$$$ over the market cap. The problem is does the board have the ability to do what is right for the shareholders as opposed to the employees jobs.
At least the board is as they say 'considering the options'.