what the anns don't tell us, page-15

I should correct my "it's not the recovery rate that's the problem" statement.

It's not the recovery grade that's the problem.It's the amount of ore being treated. It takes a couple of mths for the pads to be cranking consistantly. The number 4 pad will see the guys pouring bars more frequently which will substantially increase ounces produced,the share price and our profit.
I think the board put a tad to much belief in that there wouldnt be any teething problems or delays. They have been conservative with most things but should have said 1m - 1.25moz during the first 12mths to factor in problems that all mines have.All the problems that are holding them back from producing the desired oz p/a have been addressed/being fixed now. I'd expect silver production north of 2m oz p/a in the second half of next year.


My ops.


Scorp