RE: RE: RE: 4m @ 57.30 g/t gold - grumpy"Would you agree that after all their travails this is a make it or brake it year?"
Funnily enough I thought last year was the make or brake year. I am expecting Q2 production to be drammatically higher as I posted a month ago (based upon quantity in vats nearing completion of leaching) but after 3 years of lost opportunity cost, I capitulated. Such a stellar company on paper - 4-5M Oz of gold, commercial production always just over the horizon. Low cost production, 100 Oz annually by 2010 (although I think that's 2011 now).
What is completely contingent upon Q2 production (and then every quarter after that) is positive cash flow that staves off any more equity financing-based dilution. 3MM diluted NGG's earnings per share by approximately 10%. That's a little disheartening.
Good luck to all, hopefully bumper results for Q2 await.