Slate Grocery REIT T.SGR

Primary Symbol: T.SGR.UN Alternate Symbol(s): SRRTF

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Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

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Slate Grocery REIT

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Comment by x_ploreron Nov 13, 2010 9:45pm

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Post# 17703391

RE: RE: Q3 results

It has always cost SanGold more to get the gold up from the bottom of the Rice Lake mine and mill it than the gold it worth. If they put the mine on care and maintanence it would probably cost them the same amount as they are losing producing the gold. Without the extra mill feed from Rice Lake, the milling costs per ton on the Hinge ore would be much higher and the mill recovery rate would go down.
Did anyone notice that they dropped the 2Q head grade from 6.79g/t (2Q md&a) to 5.82g/t (3Q md&a).
The 5g/t gold recovery they are getting on the hinge ore is about half of the grade there is supposed to be according to the 43-101.

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