via Bloombeg - FOMC Minutes

Bloomberg reports FOMC Minutes to be released Wednesday afternoon. The part that nobody will read in the article will be the following:

"Investors are less convinced, giving a 46 percent probability to a move next month, based on prices of interest-rate futures contracts."

With rates normalizing @0.09%, there is no basis for a rising trend in interest rates, thus no reason to raise rates unless it's meant to cause a sell-off in the major indeces.

Something similar occurred in 1937, where rates were raised too soon after a bout of negative nominal rates, where the stock market sold off.

The stockcharts.com discount rate is actually 10X the rate noted elsewhere:

http://schrts.co/SXgMle

Compare other sources:

CNBC

http://www.cnbc.com/bonds-us-treasurys/

WSJ

http://online.wsj.com/mdc/public/page/2_3020-treasury.html#treasuryB

http://www.bloomberg.com/news/articles/2015-08-18/fomc-minutes-guide-from-china-to-september-rate-liftoff-outlook

The company never precedes news from the Federal Reserve with its own news. But since the minutes come out on Wednesday, odds are on that Friday the company will finally table financial results for fiscal 2015. It has also been a very auspicious month in the gold bullion markets.

In dealing with the deficit recorded in the Q3 report, I suspect that it only represents the cost to mine a certain number of ounces, rather than the total poured into the project.

$172m. means the total ounces produced at a certain cost for Q3. The company would have been producing well before commercial production was declared, over a total of five years, or 20 quarters.

The $172m. Figure is the sum total of the total cost on average after 19 quarters. So $172m./19 gives $9,052,631.57. Added to $172m. Gives $181,052, 631.57 for a total of 20 quarters of production.

Divide this number by 5 and you get $32, 210, 536. 31 per year cost to produce a certain number of ounces. The cost to produce an ounce in the first two quarters of commercial production was noted @$438/oz, giving an average total yearly production of ~82,672 oz. per year.

This figure is precisely in line with my expectations of the capacity of the Jolu Mill combined with the Star Lake mill. If you take the ounces produced in one week as an average production figure, the you get ~82k oz. per year. All the gold bars are poured at the Jolu Mill, as the Star Lake Mill provides crushing and concentrate to the Jolu Mill.

http://www.procongroup.net/news-releases/jolu-mill-pours-gold-bar/

The 'cost' per ounce is perhaps 25% to 30% of the total. So Note 1 in the financials was not very revealing.

Will the company finally square the balance sheet on this occasion?

-F6