Regina Leader-Post Story

The company is still quoting 45k oz. per year to start, but the ore grade processed at the mill was not reported, so you have to go by the bulk sampling of the ore stockpiles @ 400tpd.

The only reference the company has given are the grades of the bulk sampled stockpiles, but not the rate of production. Adding it together gives you a rate of one doré bar on average every three days for a total yearly production of ~60k oz. per year.

Foreseeable delays, like mill shutdowns due to somebody being processed by the rock crusher for instance, would add setbacks to the production rate.

A great deal depends on how the gold price performs during Q1, but that is also delayed for some reason. An appreciating gold price will make up for any shortcomings, though not necessarily lead to share price advances if there's a bear market for equities.

http://www.leaderpost.com/Gold+mine+beginning+produce/4161652/story.html

-F6