GREY:MLKKF - Post by User
Comment by
LongonZincon Mar 12, 2012 1:15pm
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Post# 19658060
RE: RE: RE: RE: Right now, we need El Pilar...
RE: RE: RE: RE: Right now, we need El Pilar... Grant,
I think you have to consider that the Q4 results are already cooked into the sp, the only part that they have not disclosed is the cash cost to produce in Q4. The issue they are struggling with now is harder ore and throughput.
The harder ore and grind size was brought up in the feasibility study. I asked several questions during the sit down a couple of years ago with Justin and Godisgr8 and the Mercator CEO. They said at the time that they were unwilling to disclose any informatin realitive to the ore types and grind size...I think that just goes to show a lack of competence with past managemen. They are clearly trying to improve on disclosure and have assembled a team that is much improved over what was going on three years ago.
I look forward to reviewing the details included in the operational costs. One thing that is still unclear to me in their cash costs is why they only appear to use on-site cash costs. I want to see how they are incorporating FS&R in their projected 2012 cash costs.
One last thing, I think those who will make the most on ML is the purchaser of the silver stream. Look at 2011, over 700k oz of silver paying a little less than 2.8 million. Silvert Wheaton purchased all of the silver production from MP for 42 million.