will pop, page-74

i don't think its a fair comment because you imply that the dollars from the open pit resource has gone down the gurgler. imo they raised funds to cover the shortfall and since then the open pit gold has barely been turned into bars, what have they produced under 20k ounces?

they have 2mil in cash. 2mil in bars and 7mil in the circuit as of the last report, they should still have another 200k tonnes containing 20 - 30k ounces of open pit ore that hasn't been produced yet, if thats the case then it adds between 20 - 35million in revenue.

the biggest thing we lost was shareholder value with dilution but we didn't loose too much of the value of that gold in the ground revenue wise.


thats the way i see it anyway