RE: RE: 5 YEARS to fail again cre8 dude, please keep posting as the more your do the more it is clear that you know little about mining and have bought CRJ and now "hope" to help yourself and your investment by continually spamming this board with your show of ignorance.
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Is it possible that CRJ does not have the man-power, equipment, etc. to mine enough faces underground to produce >1000 tpd? Or is the fact that CRJ has excess capacity sitting around unused, while it struggles to generate cash, an indication of bad management? Which one?
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Then while one is looking at drilled grades and translating those directly to head grades...I guess one's extensive underground mining experience tells you there is no need to consider dilution - especially with narrow vein mining.
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But hey, keep counting on Gap ounces that have not been drilled off yet. I guess you would like to be like MTO when it was mining the Barry Pit "blind?" That is always a great idea and path for long-term viability.
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But what you gents need to recognize is that costs are high and the industry is changing. Look Barrick and the other large companies are now reporting "all-in" costs per ounce. Barrick reported that full year 2013 All-In costs are projected to be $1,000 to $1,100. What do you suppose CRJ's costs are going to be? When do you suppose CRJ management will adopt the new industry standard or continue with the highly misleading "cash cost" metric?