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Message: Re: Record Production in Q1 2012
1
M
Apr 11, 2012 08:15AM

"Grade was 5.35 grams per tonne, which is similar to the previous quarter and slightly below our full year budgeted grade of 6.58 grams per tonne."

Slightly below? That's ~20% below budgeted grade. That means you will need to be 1.23 g/t above your budgeted grade on a similar tonnage to meet guidance. That's 153,000 tons at 7.81 g/t to make up for the shortfall or less if you average it out over the next 3 quarters. Maybe time to crack open one of those jewelry boxes.

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