Red Eagle Mining Corp RDEMF

RE:RE:RE:RE:Yes wileycyte

[Lookingdeeper01]

Thanks for supporting my credibility. 
You also raised a great point today. The going concern now is a reality they must report. The need of 46 Million dollars is an outrageous amount of money for a mine that has already been built and start operation. It accounts for just about half the cost of the plant itself. It would be very well taken if that money is investing in exploring a satellite deposit, or any other improvement of the assets, but is finally a "patch", and a very expensive one. 
The Q2 financials of the company are something that will probably reveal more nasty surprises. 
It is also funny to see how they start the press release : "Gold grades in the production headings have been in line with feasibility study estimates, averaging 5.5 grams per tonne gold during May 2017". Soooo....??? we will also see how many tonnes had been pulled out of the mine. If the estimated output for those 2 months are 5.5gpt, that means 5.5gpt x 750 tonnes x 30 days, equal to 123,750 grams of gold, 123 kilos!!!. So where is the dilution coming from in zones reported as wide intervals in the infill drilling and primary resource drilling?? It doesn't add up Numbers dont make any sense at all.  The reconciled drilling indicates better mineralized zones, and better efficiency reaching them. The saprolith doesn't get much deeper in the mine and I believe from previous press releases, the mine is now under the saprolite. Changing the entire mining method doesn't work just for the saprolite, it is for the rest of the mine, so here is the ultimate question: How is the ore and the quality of the rock under the saprolite, how the mineralization is distributed, and what will be the ultimate cost of mining? Will it be at a profit, or at a loss. I'm starting to think the second.