RE:RE:Another dose of reality.. Paths, welcome back Youve missed a pile of significant events over the last few months.. Your knowledge of geostatistics was a valuable addition to discussions here but I feel compelled to remind you that I always challenged your opinions that grades of 14.5 or 12.6 grams were realistic. Time has proven that they werent just optimistic , but grossly overoptimistic.
I believe you owe an explanation / apology to those who put faith in you opinions and lost money because of it.
I disagree that the SP has bottomed in the short term. I fully expect the write down in reserves at the end of the month to provide another 20-30% haircut. Even if I am being overly pessimistic on the exact numbers , early April has to be a better buying opportunity for those inclined to buy
I am fully cognizant of the theory of marginal cost accounting . but have absolutely zero intention of explaining it here......... too many people here dont understand mining engineering 101, never mind more esoteric concepts.
To call the need for a replacement CEO a disruption is somewhat disengenous. Joe O has been proven to be incompetant and a liar. His replacement deserves a pile of options because he has a tough row to hoe. The damage has been done both to the mine as well as PVGs reputation.