We all knew that production would be impaired for FY 2013
due to the stoppage and the migration from Way Linngo to Talang Santo and the market, IMO, has over reacted by marking down the SP from $1.20 to 60 odd cents.
I have spoken to the company this AM to qualify the ann. and the company seems confident that once back in production that the higher silver content (up to 3600 g/t
will adequately compensate for the initial lower AU grades.
3600 g/t AG is more than 70g/t gold equivalent which is by anyone's measure getting close to a bonanza.
3600 grams is about 115 ozs @ $28/oz is $3220.....not bad
for a ton of ore.
Cheers
Moorookamick
PS: I,m accumulating at these prices.
We all knew that production would be impaired for FY 2013due to...
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