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Message: Re: Not too bad...

Jan 24, 2014 04:12PM

Jan 24, 2014 04:19PM

Here is what I am thinking.

If you look at the results and only see the fact that the grams per ton is below 4 (which is what my eye saw at the start) then you would be selling today (sorry WpgMoney).

But upon further review, see the amount of ore left stockpiled. It is down from the previous quarter by a lot. What I am seeing is that they needed to use this lousy ore in order to make giudance. If SGR doesn't make guidance, the sell off is all the way down.

But they did make guidance for the first time, ever. EVER.

Now they are saying 80,000 ounces for next year.

If the 26 level is completed in development, and the 16 level will progress for the year, and the grams per ton increases, they are going to start showing better more profitable quarters because the costs are going to come down as the ore increases from the 26 level.

This is the road map back to salvation for the many who are still here.

Hope that gives you some hope, I know we can use some right about now.

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Jan 24, 2014 05:27PM
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Jan 24, 2014 05:52PM

Jan 24, 2014 08:51PM

Jan 25, 2014 09:47PM
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