GREY:GRFJF - Post by User
Comment by
mlmackon Feb 09, 2009 11:28pm
359 Views
Post# 15765680
RE: mlmack please stick to the facts.....
RE: mlmack please stick to the facts.....Babe:
"This will result in reduced production in the short-term, as we focus on sequential mining of the pits, but we expect attractive gains beginning in 2009."
This statement in the October press release lead me to believe the 4th quarter of 2008 would be the preparation quarter with lower production and the next four years would have linear production totaling 700,000 at a cost of $430/oz. I see nothing else in the press release indicating 9 extra months of higher costs.
With this price decline maybe I'll buy back my core position, with this company it seems to be two steps forward one step back !!!