Just one mod to your notes. I understood Jim to mean the JV was the best "junior" gold mining industry deal. Otherwise looks like you covered most of it.
For those not on, here's a list of participants asking questions. Some familiar, others no. My apologies to any names or firms I mangle. I was on a payphone with a bad connection amidst our Nor'easter...
Jim Whitmill, On-line trader
Buck Macklin, Carter Group
Brian Pastor, Here
Randy Mamford
Robert Cohann, Jewel Securities
David Corniches, Frequent Grass Valley tourist...
John Andersen, Heard that name before...I think SI
Michael Clark, Niemann Capital Managment
Art Romero, Bayside Financial
Bill Galkowski, Here
David Coverell, Covert & Meredith
Me, Here
Allen...something...?
Important to me were Jim's statements that production is being sold to a refiner; i.e., no micro-hedge using Sterling funds to play for a better future POG. Now we can look for precious metals refiners in the South Bay Area. Maybe Art Romero can help.
Also key was Jim's explanation of BC's cautious approach to how progress is publicly presented. Having been on the Street side of the game, he hints that he knows what the Street is looking for; low hype, solid numbers. Thence on to the many references to improving production. And despite my question/suggestion that production might take a back seat to POG and Sterling's fresh money influence over exploration, he said that production is important to them also. BC won't wait for rising POG, but sell what they get in order to prove they are a capable producer with consistent baeckls (?) can't read my own scratch, but it was something like books or revenue... |
