Conf Call Info was Positive1.) They have $23 Million in cash, so our shills calling for bankruptcy will be disappointed.
2.) Their delays are due to up time on equipment and mechanic support. They are leasing additional loaders and using contractors to shore up what they need (have about 2/3 of the mechanics which they would like to have)
3.) Making big improvements in grades as they got past the perimeter drilling and are now in more consistent material. Head grades were up 25-30% in April (ie 700 g) and still improving in May. Zinc recovery is the best they have seen.
4.) Sounded very positive, but they were obviously being professional about their guidance given the recent improvements with contractors, etc.. It's easy to understand why they don't want to make predictions on 400T/day levels until they have a few data points with contractors involved