Rye Patch Gold RPMGD

Overliner - Pushing Back Reaching Commercial Production

[Fullplate]

I understand the explanation regarding the need for an overliner, which is causing the delay in reaching commercial production.  What I don't understand is why they did not anticipate needing an overliner.  Or did they plan for an overliner but not understand how it would delay ramp up?  If applying an overliner is uncommon and caught them by surprise, is this an added cost factor going forward?  It sounds like the overliner process involves placing crushed low grade material on the liner as the pile size continues to increase (sort of a leading edge of the pile, if I read that correctly). I assume that this lower grade material comes from stockpiles set aside for future heap leaching when prices are higher. That extra step sounds like an added cost, but not a continuing delay once commercial production is reached. Are these assumptions correct?

I am not happy that once again there is a negative surprise regarding production. But on the positive side, management gave us a 3 week advance notice, so when the disappointing production numbers are reported in October they won't be a surprise.  Management has improved from last quarter when they waited to announce the problems when production was reported. 

It it would be nice to get some answers on any continuing production effects/costs regarding the overliner process. Can anyone participating on this message board take a stab at answering these questions?  We may never get a complete explanation from management.

[upupandaway7]

I don't have the answers on how the overliner process works, but do hope that the production numbers being reported in October for Q3 show month over month gains for each month in the quarter. That would solidify my confidence in the company's ability in finally achieving commercial production in Q1 2018 with the overliner gains. Also this delay also delays the final 6 million dollar

[Fullplate]

Those are good points regarding the cash, Upupandaway. The last thing we need is to see them mismatching lower production revenues with the ramp up costs planned for bringing the additional 2 mines into production. I would expect them to keep the cash flow in balance and push back the ramp up schedule to match the delay in Florida Canyon commercial production. If they goof that up and require