RE: Good Things Coming?some positive facts from chantal:
-dewatering from Cosmo is ahead of scedule
-Princess Louise comes on line with 25% higher grades than Mottrams 1.5 vs.1.2g/t
-more trucks for more tons
-plant runs at full capacity with some technical improvements made for more tons troughput and better recovery
-cashflow positive from April on with financial improvements month after month
hopefully we´ve produced more than 20k oz in Q2 with cash costs down to 1000-1100/oz.
with Avg Gold realized 1500$/oz this Q we should narrowed our loss to zero or post a profite up to 4 mio.
now all we can do is wait and see if the plan is executed. financials should be out mid august.
Chantal also speaks about getting the higher grades out of the ground first but no mention on Toms Gully. Toms Gully grades are as high as 10g/t. so whats the problem with an additional 35-40k oz/year?