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Message: Dundee Research

Sorry Nugget nothing there yet.

I guess I am not on the "Golden Client" list. If I am on the silver client list I might see it tomorrow. Most likely I am bronze and will have to wait til Monday.(lol)

As for the low grade, I suppose it could have been just as big a surprise to George as it was to us. They have been fairly consistent with the .19 opt and with that extra gram they could have acheived guidence. I am speculating that with the higher production rates they were probably sending most, if not all of the ore directly to the mill. If the drift they were working pinched or the grade fell, they would not of had too many choices other than mill what they had. The other thing that could of happened would have been a lower recovery through the mill. They just finished all of the new expansion and by pushing the volume in an attempt to acheive guidence, perhaps the new equiptment was not performing up to expected grade. Dundee did some numbers and they are crediting the 007 after dilution and cutoffs to have close to 12gpt. At the current mill rates they could surprise us to the upside just as easily as they surprised us to the downside.

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