RE:RE:RE:Example post results to your website - Feb gold pour resultsYeah, George also said that they are planning to revamp the website. However, from my perspective that's not entirely a good thing, because the fact is that George has completely abandonned the former expansion plan of ramping up to 2200 tons per day (which was a big part of why I personally invested in KGI). So, in other words, the new & improved website will omit some of the things about KGI that were most attractive to me.
So, George hinted that the production levels will be around 1000-1100 tons per day, at any rate for the next few months.. Which means that for now, a lot of the cost and trouble of increasing the hoisting and milling capacity (remember all that excitement about converting the skips from 10 tons to 12.5 tons?? or adding that huge new ball mill from China?? or about hiring and training the new miners?? ) is ending up as a waste of money. No wonder the company is bleeding cash!
Of course, taking a long term perspective (we investors do need to have patience now, don't we?) George hinted that eventually (like, a few years down the road?) he's thinking of building a ramp to dig out that near-surface ore that we'll be hearing more about. Then, FINALLY we will have enough ore to run the mill at 2200 tons/day.
Cheers!