RE: Another good day of tradingSo the quarterly report should come out tonight ... as stated before I don't expect hugh numbers
for gold produced because of the fact that during the quarter the mill was shut down and 1
crusher not working properly till replaced.
Also the state of production was not reached until announced on August 8th which was after
this quarterly report ended.
A history lesson for you, pumper:
the thing about this company, its always "next quarter or next year"
Sort of like when Graham Dickson, former CEO, now the COO of the NEW YNG stated in April 2009 they would produce 80,000 ounces in the "next year".
This compared to the actual 19,000 ounces produced in Dickson's forecasted timeframe.
That is about 23% of management forecast.
Does this mean the 150,000 ounces in the next year will really be 35,000 ounces?
And what about cost estimates - we'll see soon how cost effective they are.
WRONG.