RE:RE:RE:Credit Suisse report Interesting thoughts in this post. I'd be more inclined to say its either a resource estimate problem and / or a scheduling problem. Theres no major mining problem evident, other than an inabity to mine sufficient average grade stopes today. I believe there most certainly is a resource estimate problem , but cannot provide numbers to back up my opinion.
No point in any us getting too upset in the short term , it does kinda look like there is consensus building that the next two quarters results will be less than optimum, but only time will tell.
In the short term, will mill heads remain at around 8 gram , or rise to 10-11 gram. There is a huge effect on the bottom line. Every gram reduction is about a $8-9 million hit to the bottom line.
Yes there are reasons for long term optimism , but how much short term pain will have to be endured before things start to turn around?? Once again , its all personal opinion.