Q3 not that bad and a lot to look forward toProduced 9.9k oz and opreations were affected by the FOG. "This was achieved despite having a period of 3 weeks in July when ore production was halted to allow remediation and upgrading of ground support in areas of the main incline to be completed. Due to this reduction in ore mining operations, reduced ounces for the quarter caused a one-time increase in Cash Cost of US$742/oz and AISC of US$899/oz". Note "the one time increase in costs"
Expected to produce around 15k oz in Q4 and aisc of $740-800 per oz.
New PEA in January. 3mil cash as at Sept30.18 (working capital decreased some).
They are producing gold and cash flow positive. 15mil investment to get to 100k oz pa.
I am still positive. Need to be patient. Should be a good Q4. I still believe the sp will reflect the positives soon.