GREY:GPLDF - Post by User
Post by
Sinbobon Dec 15, 2011 4:57pm
494 Views
Post# 19326752
Bottoms up.
Bottoms up.Looks like a good time to buy. Looks like the gold/silver slaughter is now in neutral. Looks like we are seeing the final flush if the forced margin calls from so many stocks. Time to buy...the bottom is here.
"Looking forward to next year, the Company expects metal production growth of approximately 20% year on year from its two wholly owned Mexican silver operations. The Company estimates metal production in the range of 2.50 to 2.75 million silver equivalent ounces ("Ag eq oz"), for fiscal 2012.
In terms of contained metals, the Company's estimated ranges for 2012 are as follows:
- Silver: 1.72 to 1.90 million ounces, up from approximately 1.51 million ounces in 2011.
- Gold: 10,000 to 11,000 ounces, up from approximately 7,800 ounces in 2011.
- Lead: 2.50 to 2.80 million pounds, up from approximately 2.00 million pounds in 2011.
- Zinc: 3.30 to 3.60 million pounds, up from approximately 2.90 million pounds in 2011.
I particularly liked this excerpt:"...Development on the 455 metre level at Santa Margarita is underway and this will be followed by access to the 475 metre level to facilitate the production increase from these gold-rich veins, contributing significantly to the increased gold production. The plant capacity, currently at 1,050 tonnes per day, is more than sufficient to handle this expansion and further improvements in metallurgical performance are anticipated."