Market is Looking Forward... To tell you the truth...I breathed a sigh of relief a couple of hours into the trading day today...after seeing those most dreadful production costs of 98 million dollars last night I was not sure of how the market would react.
They sure made a "mess of things" in the Pit and I am sure glad that, the disaster is behind us...please...do not do it again!
What I believe saved them and us is the record July production of 37,750 ounces and the average daily throughput of 41,935 tonnes per day @ 1.02 g/t. It gave the market a good idea of what they can do!
They are still in the ramp up mode and the market is "cutting them some slack"...but..it will not be extended indefinitely...they must get this "thing" right!
I understand the complexity of this operation and truly believe that they have made significant progress...they take action quickly and are getting the job done....quite the team...let us give them more time.
I built my position in the $8.00 range and thought that we may retest that today...did not happen...Nice!
All the Best!
Digger144
P.S. I am not going to spend too much time on this Board...it all comes down to execution..the story is written...now it shall be done!