No update on production outlookAs we all know, NGG's CEO stated the following on 14 Jan 09:
"Forecast production for 2009 remains as stated in the September quarter MD & A - 4,500 ozs in quarter one, 2009; 7,000 ozs in quarter two, 2009; 8,500 ozs in quarter three, 2009; and 8,500 ozs in quarter four, 2009. These figures remain achievable provided the process upgrade can be completed as scheduled by end of first quarter 2009."
https://biz.yahoo.com/ccn/090114/200901140506321001.html?.v=1
The process upgrade referred to above includes the acquisition of a second crusher. With the end of Q1 only two weeks away New Guinea Gold has yet to acquire a second crusher. Recent discussions with IR confirm this.
forbes@sherbournegroup.ca
Are we in for another round of missed production targets or can Bob McNeil find, purchase, ship and integrate a second crusher in 2 weeks?
My guess - we're headed back to the teens...
My hope - we still hit 4.5K Oz Q1 (prey that the company releases production guidance in advance of earnings) and the market shows renewed interst irrespectively...