RE: RE: Panacia "Fact is that Turmalina is easily capable of producing (and was prior to the board intervening) 6,000 oz per month, Caete 5,500 oz, and Paciencia 4,000 oz. That makes over 45,000 oz per quarter."
You forgot to mention "at a cash cost of ~$1500/oz". That's why they sacked Titcomb since he always came up with the same BS you do.
The new management are doing exactly the right (and only) thing they can do at the moment, cut down costs to a minimum and start making a profit from Caeté and Turmalina. That should regain the confidence from the market. When Caeté and Turmalina are running stable we can look at Paciência (and Gurupi).
Petroff, Hermann et al. operated turned around Breakwater with four producing mines in three different countries. They're worth a serious chance. To come and whine and complain about the new management after a few months is just pathetic. Get real...
I agree with muffin, 2013 could be a great year for JAG.
imho
/tw