Core Gold DMMIF

RE:RE:predictions

[edx]

Based on tad and bailey's pessimistic outlook for Q2 I went back to the Q1 MD&A and on the very last page it says this:

In the near term, the Company will continue to develop the mine at Zaruma with the objective of reaching a steady state mining and processing target of the annual equivalent of 300,000 tonnes of material per annum. 

So 821 TPD is the "near-term" target production rate.
 

The Company will also continue to work to define geological trends and develop suitable targets for drilling, and drill those targets, on its Zaruma Project, and evaluate its exploration and development plans at its other projects (the Jerusalem and Dynasty Copper-Gold Belt Projects) and to expand its holdings where warranted.

Drilling at Zaruma to extend mine life is on the books as well as their other properties.

Furthermore, the Company will look to advance the mine and plant permitting process at the Jerusalem Project and reassess the economics of constructing a mining 

operation at the project. 

Jerusalem looks like their next target - probably due to the current price of gold. Dynasty would be profitable, but Zaruma's grades would be more profitable. Or maybe it's a precursor to to a JV?
 

The Company may seek opportunities in the future to form joint ventures and evaluate investment opportunities both in Ecuador and elsewhere. As a mineral exploration and development company, the future liquidity of the Company will be affected principally by the size of its exploration and development expenditures and by its ability to raise capital. The 

Company may have to adjust its exploration and development programs from time to time depending upon the availability of capital.

Either way, I'm bullish. We all are that's why we're invested - but I'm maybe more optimistic on timelines than everyon else :).