I am in agreement with Mercury, there are a lot of people who don't seem able to read everything on the MD & A document. If you look at the grade YTD, it is .091 oz/ton. Most of this came from the SG1 mine where they were training mining technique to people who are not experienced enough to be efficient yet. Growing pains are going to be like that, but this is also a reality for any new producer trying to get to speed
When they start pulling the high grade ore from Rice Lake deep, this will sky rocket and give a much better showing and many more oz's produced.
Something which i am sure most people will miss, is the cold hard fact that in today's mine environment, it takes a lot of money to build infrastructure and to maintain it. There was a huge expenditure on direct and non-direct mine building. This will also cost money to the bottom line for 2008, as there are a few items on the plate for building and enhancing existing equipment.
And why not? If the company wants to ramp up production, it just doesn't happen on good intentions and rah rah news releases. It takes time to lay the groundwork for that, so come on people, a little patience is in order here.
Thats why they call it 'long' on a stock. You have to be prepared for growing pains.
Once we get past all these warrants, we will see better days for SP value.
IMO they are doing just fine, and management will get this company going now that they are building a long term strategy for this mining camp.