RE:RE:Next week?Gotta say it Paths, you have turned from being the most aggressive supporter of the geostatistics and 2 year old published ore reserves into someone who now comes across as making excuses for poor forthcoming results. There is absolutely no reason to think that mill upgrades will be completed earlier than Q4...... indeed I am fully expecting a release to the effect that " Capital costs will be significantly more than previously expected and the schedule will be delayed accordingly. " To the best of my knowledge, the only official release on this goes back 12 months and made reference to " costs based on preliminary engineering......." Thats a long way off a firm budget estimate!!!!!
They might be able to get 11 grams into the mill in Q1. What will be most interesting is how fast they intend to ramp up tonnages. 2900 has been achieved previously so IMO that is a reasonable target for Q1......... unless of course the UG cannot produce at that level for 90 days consecutively.
Of course if Q1 results are no where near these values, the market will take that into consideration as they review the reserve restatement.