RE: RE: RE: RE: RE: RE: Pouring Gold, and "Yes" Ma Please dont get me wrong. I do not think Arthur is a neg. I respect Arthur because he contributes well to this board even though he might seem sarcastic to you from time to time. He did not say he lost money because of the exchange rate. He was talking about his break even level. The Queenstake share price went down peace by peace. Bcause of horrible management imo. Bfore the merger Queenstake was about to turn off the lights. By that time Jerrit could not be mined profitably (POG roundabout 300 to 500) but with POG at 1100 thats a whole new story. Thats basically why I think it will work.
Just do the math.
Please consider (open for discussion:) Q1 will not be 100% production time, bcause of the fire in the bag house. they stated there was a mill shutdown of several weeks (2 maybe three). and Q2 will have the scheduled maintenance downtime in May.
After that... well no more roadblocks ahead. Any thoughts?