Posted on SH by Neil1515:
Subject: SGR news
Just met with an ex student of mine who now works for SGR, here is the latest from his mouth
-Just implemented drug and alcohol testing to try and get rid of the majority of the riff raff labour(which is mostly made up of reserve aboriginals and continues to be a big problem)
-the hinge rock is piled up and ready to be put through, they are just making sure everything is running smooth on the ancient machines
-the last 9 gold bars that were sent out came back as only 3 when the other metals were extracted (happens often)
-the payroll is obviously still higher than income and they are still loosing money
-the word in the plant is that when the hinge material goes through if they do not become profitable that will be the end, once again. (this will happen very shortly) lets hope their high grade works
With the high grades that have been found and the POG being what it is if they do not become profitable this year they are done for sure or bought out and let some real management teams make it into a profitable mine. There is no reason it shoudn't be.