Re: Share Price
in response to
by
posted on
Dec 23, 2011 10:09AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Baires wrote:
Well, the PEA's estimate was close to a production rate of 160,000 per year, while the PFS had it near 100,000 ounces. A big difference. One that disappointed many.
Baires nailed it. I believe this "big miss" by the PFS is responsible for our extreme underperformance since then, even compared to our peers. That gap is huge. It's a shortfall of $10 million in revenues, a 37% reduction. All that drilling we did between the PEA and PFS and this is our (extremely negative) result? I know, it's not apples to apples comparing a PEA and PFS, but let's admit our shortfall.
If the FS preliminary data are surfacing as Hansix postulates, and they aren't showing enormous improvement, maybe the boss gets fired?