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Lithia Motors Inc V.LAD


Primary Symbol: LAD

Lithia Motors, Inc. is a global automotive retailer. The Company is engaged in providing an array of products and services throughout the vehicle ownership lifecycle. The Company offers convenient experiences through its comprehensive network of physical locations, e-commerce platforms, captive finance solutions and other synergistic adjacencies. The Company operates through two segments: Vehicle Operations and Financing Operations. Its Vehicle Operations consist of all aspects of its auto merchandising and service operations, including its retail automotive, recreational vehicles, and motorcycle franchises that sell new vehicles, used vehicles, parts, repair and maintenance services, and vehicle finance and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles from its Vehicle Operations. The Company operates approximately 473 locations representing 52 brands across the United States, United Kingdom, and Canada.


NYSE:LAD - Post by User

Bullboard Posts
Post by ohnonotnowon Nov 19, 2016 7:25pm
108 Views
Post# 25485663

Not good enough to make the grade

Not good enough to make the gradethanx for that info mouserman, I see you still have a dislike for this project. I hope the new guys running it now can change that old thinking for you.Beer bets always welcome buddy. first off heres a bit from the past. +++++++Pre-production geological reserves were in the order of 1.5 million tonnes, grading 4.83 gm/to. Production records through to mine closure in 1984 indicate just over 800,000 tonnes mined at a reported mill head grade of 3.22 gm/to (881,000 tons @ 0.094 oz/t). It has been estimated that 85,000 oz of gold were mined but only 45,000 oz recovered in the mill.  ++++++ That mill head grade of 3.22gm/to should never have been that low because they never got a good understanding of the project. there was mismanagement from the very start so much to say from office staff to mine staff they were not allowed to have any opinions on what was being done at the minesite. There are reports that numerous geo,s advised them on grade control but they were not allowed to listen so for a period of time they continued to mine the lowest grade stopes at about 2 grams/ton. Recovery rates were poor as mouser states because they never did any proper work on getting it better or changing their plan+++++Original metallurgical studies had predicted a gold recovery of over 80%. Monthly gold recovery fluctuated widely but averaged only 53.4% for the life of the mine and only 65.6% in the best year (1984).ANyhoo enough of this longish post.  ttfn ohno.  ps Maybe buy you a beer the next time we go to the show.
Bullboard Posts