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Message: Re: Hugh and Gossip
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Mar 13, 2011 03:08PM
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Mar 13, 2011 06:18PM
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Mar 13, 2011 06:46PM
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Mar 13, 2011 07:04PM
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Mar 13, 2011 10:29PM

You are right traps, Hugh is only reassuring friends what anybody that reads the news releases already knows. February showed record mining and with 007 now on stream we should soon see 5,000 ounces per month from that mine alone. Even on the historical recovery of 8 grams per ton we should easily get 8,000 ounces per month from three working mines, way above the projected 60,000 ounces for 2011. The grades get better and the widths get wider the deeper they go. Remember the drill cores from the 28 level 98 vein, up towards the 26 level. As for his prediction of stock price I would have to say his guess is as good as mine and remember we are all scratching our heads as to why we are going south when all fundamentals suggest the price should be higher. So although comforting I am cautiously optimistic.

Drill hole #28-10-53 cut 121 g/tonne (3.53 oz/ton) over 13.3 meters (44 ft) and included an extremely high grade segment of 319 g/tonne (9.30 oz/ton) over 4.9 m (15.9 ft) containing coarse visible gold.

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