Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?

To: 1st.mate who wrote (3757)	1/13/2000 6:46:00 AM
From: Don Richards	Read Replies (2) \| Respond to of 4884

Hi Matey! WOW!-It is amazing isn't it?...I mean all the different and conflicting "reports?" that we get and hear. As an example-today I called the co.(for the first time since early Sept.)and was told that the big plant is not even up and running as yet at Mato Grasso-that they are only stockpiling material for now.They are currently retrofitting the plant to be able to handle in excess of 300 m3/day with a gold recovery system in place upon start-up. I inquired as to how long it had operated at a production rate of 100m3/day.....answer="never."..That it had only been used for some bulk sampling but never said what volumes were processed. I asked for some current diamond recovery numbers and was told that they would provide the numbers as soon as they get some material run thru the plant. One last thing:I was told that they hope to be able to provide some production figures in a couple of weeks! I'm not here to argue nor do I take sides.I'm just sharing what I was told and to give an example of how varied the information that we receive actually is. Personally,I am not going to accuse the co.of disclosure violations and I don't see a conspiricy going on.(Some people do and that's their perogative).I say this because it is possible IMO that they have not provided any actual production numbers as yet because they don't have any. However,I guess I'll wait another 2 weeks and see if we get some real numbers out of them.After having waited this long,it don't make much difference to me!If we first get a NR stating that the big plant is in production followed shortly by another with actual recovery info.,then we should know where we're really at.It sure would be nice to know that! Regards,Don R.