Post by
cre8value on Apr 07, 2015 6:24am
RE:Article in Yesterday's Globe and Mail
Harriston- Thanks for calling this out.
I found this statement very interesting from the article on Primero.
"The company plans to boost ore output from the underground portion of the mine this year to 1,000 tonnes a day, from about 300 tonnes now, Mr. Conway said."
Boosting output by 300%? That is swinging for the fences. Good luck.
They also have pressure because of the $75 million write down of the open pit resources.
Bottom line is they really, really need the high grade Taylor mine that St. Andrews owns.
It is time for the stock price to reflect this need...