GREY:FNKLF - Post by User
Comment by
marketmineron Jul 08, 2007 5:32pm
182 Views
Post# 13054463
RE: To be honest with you guys...E
RE: To be honest with you guys...EThe reason I made the comment I did is that you ( Element ) have taken the time to calculate the production of SGR with no confirmation whatsoever on SGR. This is pure speculation and since they have not put any production numbers into a single financial they are totally unfounded.
From your post:
"The crystal ball reports the following production prediction for q2:
27000 tons from Rice Lake Mine @ .30oz/t
33000 tons from SG1 Mine @ .15 oz/t
Total of 60000 tons at average grade of .2175oz/t
Run through the mill at approx 1250 per day over approx 49 operating days to produce 12136.5 ounces of gold."
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Then you come here and pick up on the basher theme that FNI is headed for 70 cents or whatever.... basded on what ... Your lack of position in FNI... Quite frankly I had quite a bit of respect for your optomisim and proactive posting of production.
That comes in contrast to the totally open and full disclosure of Anderson on FNI... The prodution, costs and next quarter profit can be estimated quite acurately from the last quarter disclosure.... they operate on 3 month lag for revenure... that is the revenue this quarter comes from the production last quarter... and he even gives you the grade and payable lbs of NI, Cu and Co... all one has to do is plug in the kitco prices over the last months to estimate profit.
If you were doing that you would see that this quarter should end up with about 5 million operating profit and production is ramping up...
In contrast to SGR, which I also own, Dale has produced squat for production numbers, costs or gold produced and in the system.
Thats is why I hope you miss out on FNI.....JMHO