HI Eric,
To be truthful, I also was a little disappointed last Mon when there was no press release or numbers. Later however, when I had time to think a little about it, I was glad that they didn't post any numbers. A number (average grade per ton) based on 1000 tons would really be quite meaningless. The numbers would probably be jumping around from day to day and even week to week. Numbers based on 20,000, 30,000, or 40,000, and so on, as the weeks add up will really carry much more weight and should be more stable. I know we are really interested in production and gold sales, but they are also planning to determine proven and probable reserves from the amount of dirt and the different elevations and locations that they are getting it from, so I'm thinking that they want to run up the tonnage before releasing numbers so that they don't jump all over the place.
Also, don't press releases cost money? I would imagine GE is on a pretty tight budget right now.
Jim, didn't you say they had a six month contract with CEO.com or something? Wouldn't they take advantage of that to put out information also, when they thought the time was right? Just thinking out loud.
Keith
P.S. Eric, do you have any idea what the maximum capacity of the plant is as it stands today. I know they intend to eventually boost it to 11,000 tons per day, but can they do that with what they have, or do they have to add on to it?
Well, I said I have lots of questions, I have to sneak them in somewhere! |
