Q4 and Q1Cautionary Note Certain statements contained in stockhouse member RCT's writings about Rochester Resources past or future financial or operating performance, resource estimates, capital and operating expenditures, and other statements may prove to be incorrect. Stockhouse member RCT does not accept responsibility for the adequacy or accuracy of his stochouse bullboard posts.
Readers are cautioned of any statements.
Rochester's Q4 report will be based on March to May. Silver had started to tank in between these months. The full revenue impact will be revealed in the Q1 (June, July, Aug) which will be reported in late October. One thing to look out for in the Q1 report will be a drop off in drifting meters. The last time Rochester got into financial trouble, they could not afford to drift enough meters. That had an impact on the amount of ore needed for the mill. So Rochester did a massive private placement with the goal of producing a significant NI 43-101 and upgrade the mill. The company spent money on drilling but abandoned the program once the drill results started to come in and thus failed to produce an NI 43-101. They also spent money to upgrade the mill to 300tpd. They did upgrade the mill from 200tpd to 300tpd. It has been tested and operational years ago but Rochester decided to remain 200tpd.
Will silver prices effect Q1 (June - Aug) revenue?
