RE:RE:RE:RE:RE:JV on Galena with Eric Sprott Blackriver,
We now know the reason for Great Panther's underperformance and gap down last week. There was a pit wall failure at Urucum East Pit, and management closed the pit for safety reasons. So Q4 production at Tucano will come from the remaining 4 open pits. The consequence was that Q4 2019 guidance for Tucano was reduced from the original 55-59k oz down to 39-44k oz, so Tucano Q4 guidance is, by itself, six months of production at Relief Canyon, assuming it all works wel for Americas Gold and Silver.
So with USAS stock trading at near 5 shares of GPL for one share of USAS, I continue to be amazed that a stock which booked 47,374 ounces of actual gold equivalent production could be trading at 1/5 the share value of a "gold" stock with ZERO actual gold production in Q3.
So it is game on in Q4 between 39,000 to 44,000 ounces of ACTUAL gold production at GPL, and first bar of gold poured at Relief Canyon (300 ounces).
Given the huge discount in GPL shares relative to USAS, I added 6500 shares of GPL to my long position on Friday.