RE:RE:Yes, COOK has worn out his welcome at ceo.caNo doubt Cook is short. Imo hes being paid.
Since Feb 6th short volume, on the otc, has been 80% of the stocks volume. W/O it the price could very well be 0.90 to a buck.
Funny thing about Kinross, they sat there while Freegold was a nickel, with 2.65M ozs of gold in a constrained open pit - LOL just 4km away from their leach pad at Ft Knox. "During the second quarter, the mill at Fort Knox processed 2.05 million metric tons of ore averaging 0.73 grams per metric ton gold, compared to 1.86 million metric tons of ore averaging 0.6 g/t gold, during the first quarter.
In addition, 4.78 million tons of ore averaging 0.23 g/t gold was stacked on the Walter Creek heap leach pad at Fort Knox, compared to 5.69 million metric tons of ore averaging 0.23 g/t gold during the first quarter."
Cook said that if you totally removed the high-grade you would have an average gold grade of .79 g/t.
Of course you are not, not going to mine the high-grade. So the real numbers are:
Uncut using raw data - 302 meters of 1.34g/t.
Cut data (high grade cut to 1 ozt) 302m at 1.04 g/t.
ttfn
nopoo