Guidance Not sure about anyone else here, but I found yesterdays TGZ presentation to the Merrill Lynch Gold Convention in Toronto very interesting and telling. First of all, heavies liek Barrick, GoldFields, Yamana, Nova , etc were tehre. Second, with apprx only Q4 remaining this YR, for them to Announce in such an prominent Convention that they will
do 130 k oz H2 is really soemthing, and shows huige confidence. Thats 65k each Q, w/ Q3 nearly over.
Then going forward to 15' with two Q's just completed at apprx 65k, Ole Gold flowing, and all pistons firing, Q1 & Q2 should be great. They cant go back to unproductive Q's afetr doing 130k H2 14'. Plus theyre 15' Guidance will be 240-260k . Thats 60k to 65k per Q.
With all shovels, trucks and machinery cranking, these guys will be shooting for the hi end of guidance, especially since they just met the lower end for 14'. Even if they just do 120k H1 and then 130k H2, heck thats 250k ! Thats huge for a JR w/ 8.5 mil oz Gold and 15 yrs LOM. ..... yep, doing 130k H2 will both get a lot of attention, AND teach these guys how to produce for the next few years.
Remember , theyre saying short term (2014-16) they will do 250-350k oz ! To me that spells out some nice SP #'s....... and to me Young and Hill dont seem like gyuys to be blowing smoke. .... anyone agree ?