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Gold/Mining/Energy : EET Etruscan Enterprises T
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To: Salt'n'Peppa who wrote (232)12/17/2004 2:19:42 AM
From: Cal Gary  Read Replies (1) of 281
 
S&P, you're right so far with the Youga BSF release prediction. Hindsight, year-end did not mean fiscal year-end. While most market participants will be leaving shortly for holidaying, I don't see much wisedom in releasing it next week. Perhaps the first week of Jan may be better timing and ride the January effect.

Re Samira Hills actual gold production. In your experience is this a quick ramp up to 9200 oz per month mark?

In order to reach their target of 135,000 oz, they need to average 11250 oz per month. So they're 2,000 oz away from monthly average production figures. IOW 5 more 400 oz bricks.

From digging SMF published documents, SMF have upgraded equipment and processes at their other producing mine recently. Despite declining grades, it appears to help with mining lower grades. Samira Hills' mine evidently has inherited these value added processes, practices and equipment design from SMF past experience.
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