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Message: more with dale

more with dale

posted on Jun 23, 2008 08:51AM

30 mins left on battery, i might be good.

hinge discovery cost is 2$ / oz ... CHEAP

added 1 Mill in 2 years to old 43-101 will add significantly more soon.

everything close to mine sight. still have lots with no chance to get too.



Timmins.

60 million oz discovered west of timmons since 1910, we acquired land adjacent to it (just east).

apparently got it at a good price?

graph by dundee showing we out perform peers (small to mid tier in production or near production) 1 year chart. showing us doing great, ( should show 2 years when we where at 2.25, wouldnt look as good lol, but 3/4 years im sure would)

now showing us out perform seniors (harmony, barrick) in one year...

5 year too showing us doing good vs peers.... i think everyone konws this anyway, 5 years we were at what? 20 cents?

Apparenlty we are the only juinior that has sp risen since last financing, fund managers told dale that.

now for q&a

2012 - 150 oz / year planned based case not incorperating high grade and hinge .23 oz/tonne

Going hard on promotions, lots of 1 on 1 with funds, was turned down lots in past but now they (funds) are requesting for meetings



We are one of the few companies not looking for financing.



Do not intend on financing but will never say never. if there was a reason it would be for devellopment and drilling.

we have an uneasy relationship with our bankers (we all know this)

early years emp turn over - better now (not much more detail)

what stage operation to geneate enough cash to be selfsustaining? looking at 1/2 half this year. mostly 3rd quarter. milled 450 tonnes in may, june to be more.

Jan 1 to today, oz? 10 to 12 thousand. 3000 first quarter, 6-7 in second, up and onwards.

target is 40 000 (dale) - Ian ramp up to 500 tpd, still lots of development... will have a steady ramp up with employees and all.

dale - been shrikage mining 3 of the high grades for last 6 months, filling old voids below it. havnt got much of ore out yet, broken some but not out. second half of htis year should start (before end of 3 rd quarter to start). in range of 100-150 tonnes per day.

there will be constant stock pile underground. need to be in that steady cycle so far has been mostly developing.







battery dying minutes left





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