Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (49506)	9/25/2007 2:11:33 PM
From: loantech	Read Replies (1) of 78409

In this case it was name and email only to register.But hey they just posted the slide show on their website: westerngoldfields.com I hear you on the FULL production numbers. More important for sure.These numbers still may point to early production off the main leach pads. Start in October and a two month cycle so maybe we get good Christmas news. <G> <First ore delivered to heap leach pad –150,000 tons under leach. Ore will be delivered to new pad in October> Ore on old pad and new pad deliveries ASAP. As far as the hedges I don't know if they have a plan to change them. Slide #13 does not seem to jive with me. They say they hedged 23% of recoverable but looks more like 40% to me of production ounces. I guess I like the hedge this way if costs are static 90% of expenses are covered annually. Puts in a good floor IF gold goes down from here.

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