Core Gold DMMIF

RE:RE:RE:RE:RE:Financial report is on sedar.com

[edx]

I should note I went snooping because here's the thing that's hard to explain in the NR:

How do they go from mining ~4.2g/t and losing money right to the point where they're close to running out of cash then go right back to mining 9g/t in the first part of Q3?

Either they intentionally sacrified Q2 to advance mine development or they were forced to sacrifice Q2 to advance the decline (because they need to access more veins.. can't mine 2 high grade veins forever). When cash gets short, it's time to go back to making money. Seems like they're going to  min/max this mine development cycle. By that I mean make money (mine high grade), spend money (decline advancement), make money (mine high grade), spend money (decline advancement). Probably more efficient than trying to juggle both simultaneously. 

I guess we'll find out in Q3, because they definitely need to be in make money mode right now and revenues of $5+ million in the first half of the quarter is on track for Q4 2013.