Re: White Tiger Gold Starts Expansion of Savkino Gold Mine
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Message: Re: White Tiger Gold Starts Expansion of Savkino Gold Mine
Seems kinda boring on the face of it, but again, a positive release.
It is good news (for all the nervious people out there) that VTB did their DD and proceeded with the issuance of their first tranche...imagine if the NR had been that VTB backed out cause they didn't like what they saw?!
So, I think that passing the VTB DD hurdle is an important positive step towards validation of the Russian resources, mining plans and, ultimately, likelihood of return on their investment.
For Fredericton = I include projections based on reasonable assumptions; using what WTG provides by way of data. It is not random war-gaming. In this way we can measure and compare these projections and expectations to actual results down the road. If you don't do this, how are you going to tangibly assess your investment? There are many ways to hold management to the grindstone and accountable - I choose this measurement method (in part).
I've taken the liberty of updating Carib's 2012 projections with these 2013 projections using the on-track Savkino guidance.
| 2013 | Q1 | Q2 | Q3 | Q4 | Total |
| Lamaque | 18,000 | 18,000 | 18,000 | 18,000 | 72,000 |
| San Juan | 8,000 | 8,000 | 8,000 | 8,000 | 32,000 |
| Savkino | 8,000 | 12,000 | 16,000 | 16,000 | 52,000 |
| Totals | 34,000 | 38,000 | 42,000 | 42,000 | 156,000 |
| Annual Rate | 136000 | 152000 | 168000 | 168000 |
Quick Reference for 2012 Projections below:(From Carib)
| Q1 | Q2 | Q3 | Q4 | Total | |
| Lamaque | 8,000 | 14,000 | 16,000 | 18,000 | 56,000 |
| San Juan | 6,000 | 7,000 | 8,000 | 8,000 | 29,000 |
| Savkino | 1,000 | 3,000 | 8,000 | 8,000 | 20,000 |
| Totals | 15,000 | 24,000 | 32,000 | 34,000 | 105,000 |
| Annual Rate | 60,000 | 96,000 | 128,000 | 136,000 |
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