GREY:GBRIF - Post by User
Post by
longtoothon Jul 06, 2011 2:07pm
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Post# 18802150
there is more they are not telling us
there is more they are not telling usnot only are the managment not telling us what the cost per ounce is, what the mine life is (i.e. reserve) but they also do not tell us what the expected grade vs the realized grade is. sure the first 2 months reported 12 g/t gold and but what was expected? 12 g/t gold sounds good but what if the expected grade in that portion of the ore body was 25 g/t? now the picture looks not so good. a proper way to report production grade would be to tell us what was expected and what was realized.
it could be that this managment doesn't even realizes these things as they really do seem to be lost.
i also notice that a bit over a year ago the company announced that Ron and a guy named Klaus were taking over exploration. they go to great lengths to really pat themselves on the back at how good they are. so it has been a year, where are the results?