GREY:PTQMF - Post by User
Comment by
DetVicMackeyon Oct 16, 2010 12:10pm
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Post# 17573043
RE: I Think I like it!
RE: I Think I like it!1. For Q2, yes they would be producing 8000+ ounces as long as the run rate of 2700tpd at 3g/t is the constant average. Of course if may fluctuate higher or lower depending on the mined head grade and/or equipment performance.
2. The senior notes have been renegotiated as part of the DB deal and a default notice was avoided in exchange for an added 2% interest on them. The notes have been reclassified as LT debt (used to be current). Since the deal is part of the subsequent events proceeding the quarter ended at Aug 31, the cash received from DB is not shown as a current asset as of that date. Converesly, the debt is not shown as being paid down yet either. You'll get the hang of things soon enough.