Core Gold DMMIF

RE:Musings on upcoming Q3 Financials, and a potential offer

[merlin991]

Thanks Tad. Great work and gives a great picture of operations.

A steady current production rate of near 5k oz per qrtr. 

A current cost of sales of $1050 and with rising production it means a decent bit of cash in hand. Currently should be in the $1m range. 

It also shows how little real investment is needed. Just $15m would totally push Core into 2000 tons per day and daily production of over 200oz per day. It would also mean money for drilling and more drilling. 

Needless to say Javier Reyes financing of $15m back last year and this company would be totally in the green. But of course the BOD4 with Titan had a totally different swindle in mind. Of course Javier and his clan are a lot poorer as a result. They are not happy and want return and this Titan 2 plan is as useless a plan as planting a rain forest in the Sahara desert.    

The official financial 3rd qrtr results will be out soon. It will also yield what the intention of the BOD3 will be. Presenting a poor image as in earlier in the year where they squandred a million plus of our money to steal from us would be very very scandalous especially given we are trying to entice investors. 

All in all we are sitting reasonably well. With an EV of barely two times cash flow for a company with 6m oz in NI 43-101 and rising production does not make any sense what so ever. Of course we know who to thank for that.

DO NOT TENDER YOUR SHARES to Titan.

Any whiff of a deal will have us sitting very pretty.