Wheels Group Inc GRFJF

grade too low?

[happylife]

Its grade is only about 0.56 g/t, is that too low?
any thought?
Thanks!

[zeroreturns]

The low grade was well known to the market. Company missed 1st Q production target and increased costs.Lowered 2nd Q production to 20,000 - 30,000 ounces and 2008 total production lowered to 135,000 to 145,000 ounces, a decrease from the 155,000 to 165,000 ounces. Cost of sales for 2008 is expected to average between$470 and $490 per ounce of gold (1), up $60 per ounce from previous estimates of

[SkyeCairns]

Punching thru the numbers once again it looks like the 2nd quarter wont be much better than the first again because production is not at 100%.  Any increase in the share price will start sometime after the 2nd quarter.  Their second half of the year will look ok if they maintain their cost/production levels.  FASB 133 rules requiring the MTM on the gold futures to hit P&L is a

[loantech1]

Cay you please explain more about the MTM and how that hit is more upfront and maybe not down the road?  I was always foggy on this. thanks.