(Edgy, although mgmt. quickly corrected the regulatory issue in 2 days, it took from 3/8 to 4/10 to get the explosives permit reinstated. Thus, ore inventory was depleted for a full month and will need to be replenished from which to mill.)
Thus, production figures appear as such:
Q4 '12 = 196,000 Ag-eq oz.
Q1 '13 = 215,000 (+9% over Q4 '13)
Q2 = <215,000---Let's guess 200,000 (no spec. ind.)--- Thus, 415,000 Ag-eq. in 1H '13
Q3 + Q4 = 485,000-585,000 Ag-eq. to reach plan of 900,000-1,000,000 for 2013.
Yes, the Q2 reduction is yet, another disappointment that management has failed to correct, but if production increases as projected with the Santa Juana access, then these numbers are okay. It really boils down to whether Jeff Clevenger and his team can execute without another quarterly disappointment/excuse.
Right now, our bigger issue is the suppression of the metals.
Silverbull50