Re: Why isn't the sp over $1 yet?

Nixon Fork Gold Mine Hosts Turn Key Mine Operation

NI 43-101 indicated resource of 128,500 ounces and inferred 74,600 ounces of gold

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Canuck11

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Re: Why isn't the sp over $1 yet?

in response to

Why isn't the sp over $1 yet?

Moneytospend

posted on Sep 01, 2011 12:50PM

Produced oz's of gold still low due to low grade development ore associated with mine start-up. Recovery rate will increase to 95% once the CIL plant comes on line by October and produced oz's of gold will similarly increase as the higher grade ore (1-2 oz/t) comes on line. The numbers will jump dramatically once both of these events occur. Wait for it.

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