GREY:GBRIF - Post by User
Post by
longtoothon Mar 29, 2012 2:39pm
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Post# 19734727
Clarification
Clarification "At EP, further geological interpretation was underway to investigate the economics of potential phase 2 and 3 expansions to the immediate south and north of the pit, respectively."
this is the statment I am refering to and I interpret it different then Fungi as it is not clear and is open to interpretation. If it were to say that potential for expansion from the original plan exists then it would indicate possibility for enlarging the EP Reserve. It does not state this. So is phase 2 and 3 part of the original plan or are they new? again, this is confusing and open to interpretation.
- "Production from Roy Lloyd mine in Q3 2012 was 24,048 tonnes ore at a grade of 11.40 grams/tonne (g/t) gold."
This equals 8,814 ounces in 3 months which would be 35,256 ounces in a year (not 45,000 ounces) and does not meet forecasts. Perhaps if the release was more clear it would remove speculation. Remember, the market does not like it when companies do not meet their promises.