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Message: Re: Disconnect
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Apr 27, 2011 04:22PM
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Apr 28, 2011 10:57AM
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Apr 28, 2011 10:34PM

Finally got around to listening to the video. What struck me was

Production in 2010: 85k ounces at over $900 per ounce ( came in at $1100)

Production in 2011: 125-175k ounces at $750

Production in 2012: 200k + ounces at $650

Now, those projections were made in early December 2010 and we know they had all kinds of monsoon issues this year. However, at our current price (90 cents) and that kind of production growth, these guys are very well positionned to return some big gains over the next few years.

Current share float 310M, fully diluted at 386M.

Shorts are at 14.5M

Do your own DD but I see lots of upside with little downside here unless gold tanks, and like many here, I just cannot see that happening.

Glorieux

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