RE:SpinRottyMcdowall wrote: Anyone who believes they are mining low grade due to grade control issues when they are short of cash and trying to stay alive is out to lunch. And what happened to the easily distinguishable layers from the past. Not so easy afterall. The mentioned grades of .6 to 3 gm is useless info. Mining started Feb 16. say the last gold sales were last week. Thats 9 weeks. Say 3500 tpd. 63 days x 3500tpd= 220500 tonnes. 7375 x 31 gm/ 220500 = 1.02 gm/tonne head grade. If the throughput is more per day then the grade is less than that and if the throughput per day was less than 3500 tpd then the average head grade is better than 1.02 gm. But I dont believe they are putting low grade through when they need cash. I think both the insitu grade is less and the dilution is more than what they thought.
fwiw. My opinion.
McBucc
Yes, spin is the word. First time the conglomerates have been commercially mined and problems problems problems. We would've had several news releases in the last month if things were going well. They might not get the $22 million if they can't demonstrate real progress as starting to break even before next year. QH is a great salesman, I'll give him that. But sooner or later you can't spin really bad news. That's what's coming, really really bad news and I expect the share price to drop well below $2 canadian.