GREY:ABGFF - Post by User
Comment by
bizwizon Feb 14, 2014 7:10pm
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Post# 22212823
RE:RE:RE:What's next ?...
RE:RE:RE:What's next ?...My god ! I'm scaring everyone away !
Despite what may be assumed once uncovering my dirty name, i do the best I can to stay objective with my descriptions . Despite such a reality, the definite possibility exists that my comments are ill coinsidered .
With regards to the current state of ciorporate health; despite the obvious once it comes down to assuring the profitability of an undertaking demanding an initial injection of capital to cover start-up expenses notwithstanding the reality of ongoing expenses, the production just couldnt keep up with costs (obviously) ! This would lead anyone to ask the relevent questions notwithstanding the conclusions to arrive at reading the old estimates when the price of gold was much much lower (obtainable ar SEDAR)...
For a time I actually thought that the highest grade ore had been extracted in a number of days if not weeks once initial extraction had started. Althoiugh, we'll have to trust formal production figures which reflected production of lower grade ore taking into consideration a higher price for gold. Nonetheless, because of the current inability to assure ongoing pfroduction, the merger shoudl lead towards an injection of capital which can make future profitability a definite possibility !
Regarding high grade intersections , it is noteworthy to mention that a pocket of high grade ore in potentially representing a very high number of ounces can be extracted very quickly without attracting attention. Although by all appearance thuis isn't what occured here even if such a reality is to consider once mining gold. In that regard past example may serve of guidance despite the very uninteresting lengthy of the intersection knowing that grades 100 times lower are deemed as profitable despîte obliging the extraction of countless tons of overburden notwithstanding the extraction of much more ore.