American Bonanza Gold Corp ABGFF

Talked to IR...

[dr_airtime]

...James Bagwell. Has been very accurate in communication before and PR's end up containing similar information.

Status is:

- They have shipped 4th concentrate shipment, so 3 shipments since their first shipment on March 1st PR

- Mill is operating at 400 tpd, 5 days/week, 24hrs/day. 450 tpd is capacity so I would infer things are going well.

- Average production rate now is about 100 oz/week. I would think it is just slightly lower.

- Next concentrate shipment next week.

- Talked about commercial production. Probably for Sept 30th quarter to simplify accounting

- Brian Kirwin (CEO) in Europe now at gold show to market. Going across Canada next week on institution road show.

[mylar1]

100 oz per week???????????????? That translates to 5200 a year. It would be a far cry from 40,000!

[whiskeyjack]

Yeah 400 TPD at 7.75g/t is 100 toz per day. Aren't we supposed to be about 12g/t? 100 per week is 1.5g/t.   Something not adding up, which is always the case with this crew. September for commercial production is worse than my worst case...pretty bad.

[quat]

When I spoke with Jim bagwell the production was 100 oz per day   quat

[mylar1]

That would be more like it!!!!

[dr_airtime]

Yah, sorry if I put week, I meant 100 oz/day. Big item is mill is running at 400 tpd, so issue now just becomes mining so there is a continuous feed of ore.