RE:Q1 Just releasedI am very impressed with this report . It has to be looked at in the situation we are in . The figures we see at this point don`t really mean anything . The AISC is very high but meaningless . They are running old tailings and transition material to keep the plant running and to start up the new plant .Transition ore tests are at 90% recovery. That`s amazing . They haven`t even tuned the big plant up yet . They know they are losing lots of gold running sulfide transition ore through the old plant but the are stockpiling the tailing ( high grade ) to run in the future . Above all they are keeping the people working there employed and learning the new plant .
They are into the high grade at Selinsing pits 4 and 6 and are stockpiling it , ready to go . Buffalo Reef is a bit disappointing but we don`t need it right now. We`ll get on the grade there later .
Peranggih will have to wait till we can get down to the high grade . It`s too expensive to mine and too far to haul until we get the new mill making money . And that`s going to be soon .
We recieved the revised environmental plan approval on Sept 23 . That was very important . A new government could have thrown a wrench into the works . We diverted a creek that might not have been allowed in the new year .
I think they did with Murchison exactly what they should have . Leave it till Selinsing is making money . I believe it`s being used by ODY as an exploration camp and that covers our Care + Maintenance . Our other option for Murch is this . Borrow money and do dilutive share financing at this ridiculous share price .
Once again this is a very good report . I am not going to argue about anything I said and I could have added more positives . I am expecting big things very soon and I am now rethinking dumpingmy shares first chance . This time next year we could be looking at a share price in muliple $$$$$