TSX:LSG.DB - Post by User
Comment by
hardrockminer65on Nov 08, 2012 1:31pm
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Post# 20577422
RE: RE: RE: RE: RE: net loss per share quadrupled.
RE: RE: RE: RE: RE: net loss per share quadrupled. Good point...with 70,000 tons sitting on the ground someone at the executive level must be having a brainfart eureka moment. Thats pretty much what a 3,000 tpd mill would chew through in the 4th quarter if it had been expanded from 2,000 tpd....about 70 days worth of additional required ore feed.
If you listen to the questions and answers at the end of the webcast, one person says that they expect to defer $10 million to $12 million of the now $100 million mill expansion budget to 2013. The mill expansion was supposed to cost $80 million to get to 3,000 tpd by now. Does that mean that by the end of this year the mill expansion will already be 10 percent over original budget and only at 2500 tpd capacity?? That doesnt sound like "on budget" to me.
If they obviously have the ore available why isnt the mill at 3,000 tpd now????