re fin Thanx for your comments i am merely providing an opinion based on what is presented by the annual report.
The LSG UG gold deposits are very disjointed and not as uniform and continous one would like to see in an ug operation. I thus would question the capability to get that gold out without going to much higher mining and feed tonnages than what they are forecasting. Thus the need for an openpit which they dont have
The fact that to date that they arent or cant produce the ozs suggests they cant get the gold out of the ground because it is very low grade and to do so they must, must, must increase the tonage of feed which is not happening to date and the economics may not support as production costs are very high .
despite this, the big executive bonus is still paid out...what wrong with this picture
At some point they have to make money for the banks and shareholder
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