GREY:HRIVF - Post by User
Post by
cjsellon Apr 27, 2010 9:29pm
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Post# 17037714
Production delays in February
Production delays in FebruaryIf gold continues to rise, any production delay will be sold at higher prices. Additionally we do not know how much "inventory" there was on the leach pad for down stream processing. So, in fact any mill disruption may not have a significant impact on sales, and what did get affected will be sold a higher prices.
As for disruption, HRG would be required to disclose such information on SEDAR, if there was a material impact. I really want to know the status of the Royal Gold situation, and when the next mineral reserve estimates are due. Bissa must be sitting on multi million oz, or correct me if I am wrong there.
If there are additional dips, I will be buying more, no where to go but up! Greece now has "junk" status, the UK, Spain, Italy, and Portugal are not far behind, and no one is talking about the US debt load either.
CJ