RE:RE:Yaramoko Gold MineMaybe Mr. Lennox-King is not too bright.............Inherited wealth...............or just got lucky once in Gold mining and it's been all downhill since.
Look, he has a Bach in Commerce from New Zealand...........perhapshe does not know much about allocating capital and cash flow back to shareholders.....
Look, thecompany approved this mine expansion to QV and QV' deposits..........I remeber how much Doward said it would cost from the 2017 Denver Gold Forum presentation, and the ROI etc. etc............Believe me, based on the 2019 forecasted production, this is a BIG miss, a big waste.
THeir is almost ZERO increase in production forecasted for 2019 compared to the $$$ spent on mill expansion and QV and QV' development. Since they ARE going to be moving more Tonnes, you know costs will go up and operating margins down.
Perhaps he did not the see the HUGE MISS coming, now here..............Head grade at marginally above 10g/tonne compared to the FEAS and the last reserve report. Where has all the gold gone???? Sometimes, me thinks it's just a simple case of "inventory shrinkage" from what actually comes out of the ground compared to what gets reported to the public stockholders back in Canada......
If the independent 3rd party says their is 16 grams/tonne and the reported 4th Q 2018 says their is 10g/tonne................what's up with that??