most gold companies report in ounces!!555 grams of output, is this a joke? In Q1 they produced 81 ounces of gold not even one
ounce day, this is absurd. A bunch of migrant workers panning in any river could get more gold than this !!!!!! Now they report new production of 555 grams, 17 ounces of dore and only 11.5 ounces of gold. This could not even pay the hydro to keep a mine going, let alone employeees, mgmt, equipment etc. Also , what exactly is 555 grams of output. These turkeys dont even announce over WHAT period this production was from. I think its for the entire quarter since that was the last one reported. Now they talk about doubling production !!!! . This is analogous to a 1 pea shooter army doubling to two pea shooters. Pure pump and dump, buy when its dormant and sell it when the the CEO Quilliam "manufactures " a rally on this garbage news even a kindergarten kid can decipher? Its gotta cost at least 1 million a month to keep a mine going. There is no money in the till , no meaningful production and these evasive news releases that give no REAL news. So far they have announced only 98 ounces of gold produced in 6months . Then they announce a smeltering contract that requires 1500 ounces of gold. At this production rate their first 1500 ounces will take 7.5 years to get to. Not to worry the Quilliam crooks will be in some Caribbean safe haven and you will be the bagholders!!!