RE: RE: MisterB & Gregetz Hey SC, Gregetz,
I'm was of the opinion that the wardrop numbers for Year 1 are = to numbers for this fiscal Year, but based on the slide you could make a case that it is calendar year. Based on those forecasts, Majestic would produce about 28k oz in 2012 calendar year, which is similar to the 29k oz forecast for year 1 by Wardrop. And, this is from waste, at least for the first half to three-quarters of the calendar year.
Based on the forecast for calendar 2013, we're looking at 75k oz vs. the 200+ in wardrop. I assume with the BCSC clarification of language, there is a strict view to keep numbers, language and foreward statements very very conservative, especially considernig the Wardrop study is from January 2011, and it is now mid-2012.
With either scenario, you are still on course for significant positive trajectories for both production and revenue, especially if this is an extremely conservative estimate (which I personally believe it to be).
I also think - because there is no other reason for the quiet period since the HK show and the HK article - that they are partnering with someone and that is the reason for the silence. I'm looking forward to seeing the financials next week, the trajectory and hopefully some updates.
All in all, I'm enjoying the spring, taking it easy in the market considering the Euro crisis, the US and china issue and the decrease in gold price. The gold is there, and it wiill come, so Im just being patient. This company is really in the first 5 minutes of the first period, with 55 minutes to go, and overtime likely (upside potential). With that, I'm just enjoying the season, and letting my investments be (actually, I have been buying). When the "waste" is removed and we hit the high grade zone, the momentum in the game will pick up. As shareholders, we are in for a hell of a game....
cheers,
B