Re: Record Production in Q1 2012
in response to
by
posted on
Apr 14, 2012 10:31AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Ok JC, whatever you say. I have close to a 40 minute recorded conversation with IR where he mentions dilution of grade because of development ore going through the mill and it will continue to do so until build out of the mine plan is complete. The analysts even ask about it and reference it in their reports so it obviously is a concern. I suggest you look at the outdated corporate presentation and refer to page 18. Pay close attention to 'planned workings'. What you say is obvious to everyone but the fact is the main focus isn't on extraction of ore bodies to depletion as it would be in a full on producer's case focussed on ounces out and costs down, the focus continues to be on gaining access to the multiple faces and exploration.