Re: John Hayes, BMO does first class research, his follow up from site visit

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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ebear

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Re: John Hayes, BMO does first class research, his follow up from site visit

in response to

John Hayes, BMO does first class research, his follow up from site visit

MarcusAurelian

posted on Mar 03, 2008 10:41AM

Forecasts: We expect production could be 274,790 ounces of gold in 2011 at a total cash cost of US$183/oz. Our forecast for 2015 and beyond assumes average annual production of 425,960 ounces of gold at an average total cash cost of US$278/oz

How do you get a number like 274,790? Don't tell me you can calculate production 2 years out to within 10 oz? Reminds me of those spam emails I get: profits of 1517.92% 416.85% 1002.22% LOL!!! I would have said 274.5 or 275 and left it at that. Not a big deal I guess, but it does seem kind of silly.