RE: Darwind "My frustration comes from my vision on how the timeline for GGN to blossom keeps getting extended out."
No one has said the timeline will be pushed out any more than we already know but I hear and agree with what you are saying. IMO they need to show significant production progress in the next update... simple as that. I am hoping the only reason we have not seen an update (after 2 in Feb) is because they were waiting to finalize this bridge/credit facility.
According to the last CC... the refinery should be complete and in process of commissioning if not fully commissioned... after all the 'fixes', production should be increasing significantly from Q3 2011 and towards if not at spec... and plans should be in place to expand heap leach operation asap.
Quite frankly, after much testing and reports this operation was orignially designed and it was orignially anticipated and communicated to be cash flow positive almost immediately with cash flows steadily increasing to completely fund expansion to more than 40K oz Au/year within 3-4 months of startup.
That said, they have now had 6 months of production to 'get things right'. IMO there is no reason to think that after 1 month of 'fixed' production that production should not be cash flow positive and showing signs of steadily increasing to completely fund expansion to more than 40K oz Au/year within 3-4 months as was orignially anticipated. Those are my expectations for the next update and it would seem the market agrees. If we don't see this it would seem to indicate either the orignial plan was garbage or there are bigger problems.
We'll see.