RE: John WheelerThose are some awesome results! If you subtract the hedge requirements, a quarter like that allows us to sell roughly 3000 ounces at full price! If you go conservative with costs and today's gold/silver prices, that's at least $3 million profit a quarter! Once the loan interest stops taking extra cash and the hedge is off, this thing should show some huge gains. The good news is, cash flow is actually half decent right now, regardless of the hedge and the loan. We're doing more than keeping our heads above water while we wait.
Wheeler still has shares under his control, and he's been pretty disciplined over the past few years, so it doesn't alarm me that he's taking profits at a double. If he stops selling, we may see new highs in the short term.
Not out of the woods yet, but we are looking better and better.