GREY:LRTNF - Post by User
Comment by
goldlocatoron Nov 15, 2021 10:12pm
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Post# 34130029
RE:RE:RE:another Rubicon
RE:RE:RE:another RubiconRdlBama I think the MD&A pretty much says she will have to step back. They were bragging about days of over 1000 tpd and the last quarter they averaged 685. Now they are looking at 600-700 tpd average....pretty big forecast spread and Q3 was way at the high end of this projection. The message is be prepared for less tpd in Q4. The only good thing was the increased grade. So I am ready for the NR that the mill will be shut down for modifications. But I am a shareholder and Ms.Belanger has a good track record. She has been a success in the past I hope this turns out to be her biggest success story.
In the MD&A they suggest they are looking for other projects. These guys did a very good job IMO putting this package together, analysing the geology and finding new zones. They should step out of the picture at Madsen and start on a new project. Focus on what they do well and they could define a deposit over a few years and maybe get Ms. Belanger to put it onto production. And shareholders are the winners.