RE: RE: RE: Hot off the press Few remarks about the results:
The production of 197 640 tons of ore or 2200 tons/day average for the Q1 including down time means they should be able to process 224000 tons for the Q2 assuming a 2500 tons/day.Applying an ore grade of 4.0gr/ton we should have 28000 onces for the Q2.
Let's assume 3000 tons/day for the H2.The 28000 onces will become 28000/2500 x 3000 tons per quarter or 33 600 onces.The result for the 2013 shoul be : Q1 23200, Q2 28000, Q3 33600 , Q4 33600 or 118400 onces for the year.
That production is based on a 4 gr/ton ore grade and I d 'ont see why they should not be able to improve the ore grade going forward in the H2 considering the fact that they always refer to 5.6 gr/ton in the proven,probable an inferred resources.
May be were are going to see the light at the end of the tunnel.
So the guidance of 120000 to 135000 onces is a reachable goal