TSX:LSG.DB - Post by User
Comment by
goldhappyon Jun 15, 2012 10:33am
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Post# 20017594
RE: RE: 2500 tpd
RE: RE: 2500 tpd Timminsgold...You have access to information I can only speculate about. Thanks very much for sharing with our "board". I just labled it high grading to let people know they have been consistent with the produced gold forecasts. I have been around a very long time and fully understand what should take place...get that high grade up asap in the early stages to pay bills. Later the ores will be blended to include lower grade stopes. Ground control will dictate the sequence to minimize some pressure problems.Tony estimated low on the gold production for good reason. We all experienced when he was very optimistic 100 200 300,0000 ounces in 3 years....never happened. The mill will produce at 3000 tpd by year end 2012. I thought for sure he could pull it off early as they had a lot of lead time to start the mill expansion project. He has been telling us all is fine. Well I used 5 grams in my little back of hand calculation knowing they could produce at much grams per ton. He pulled this little trick out of the bag to hide mistakes from non mining types. Analysts work with numbers and he will play to them with numbers. The produced ounces have not changed yet??Were not fools out here. Producing higher grades will mask his failure at getting this mill up on time and budget. Excuses Excuses Excuses. This guy has kept us in the dark for long periods of time. He has a fortune of my money lost and I am extremely concerned. He will have a shortfall of 100 oz per day...if he produces higher grades then bump up those losses due to tonnage shortfalls. If the price of gold rises then bump up the losses. The interest charges we incur bump up the losses.Are we to believe anything he tells us willy nilly or do we apply pressure? It is a very good decision to conserve money. My greatest fear is he was TOLD to conserve money rather than his own idea. That indicates his leadership is very shaky with my money. I want to hear we are on our way to 5500 tpd...all is silent in that area. What has happened to 5500 tpd?? Is there another failure there as well?? I am very frustrated when the stock just started getting leggs again and Tony just killed the SP again.