Wheels Group Inc GRFJF

RE: 2008 Production on Target

[loantech1]

I am waiting for the actual in production announcement and an acquisition but here are some of the key parts of that NR IMO. Their math is bad. <900,000 tons of new ore containing approximately 12,500 ounces of gold have been placed on the leach pad and gold production is on target for January 2008> Pages 25-26 of the presentation shows average historical grade: https://www.westerngoldfields.com/i/pdf/2007-11-23_presentation.pdf .0163 ounces per ton = 14,670 ounces. Read this: https://www.secinfo.com/d171Yu.v1zz.d.htm 80% of 220,000 = 176,000. so 10-11000 free ounces above projections. 11,000 X 800 POG = $8,800,000.00 in potential additional revenue. Another 5.6 cents per share income. Say 45,000. Then annual production closer to 180,000. Any way you measure it production may be higher than projected. Start up costs are high but subsequent costs to be lower. So lower costs and higher production = low projections by the analysts. Safe area. All funded. Proven ounces. Significant eh? I believe it these guys are conservative and don't BS around. More ounces. Higher production Lower costs. Even a bozo can figure this out but some bozos are not on the bus yet.