Gb, thanks. Although that was jan only confirming that that particular quarters profit would be reduced. What i was meaning was that the 3 year profit presentations in june and october had a price for gold of $ 1250. Since then i don't think they have done any further profit projections for those 3 years. There certainly isn't one in the last one done in feb.
Q: How has the recent drop in the gold price impacted your predicted profit margins?
A: Our forecast for Q3 is for the mine to make US$1.2m - the gold price has dropped by over 20% and this will therefore directly impact on the bottom line. Therefore, without the gold price falling further we will see a 20% reduction in the forecasted figure of US$1.2m. We are however on schedule with the tonnage planned for the quarter and we are ahead by 25% on our planned development. Our costs are thus far 10% below budget.
Gb, i don't know as i didn't attend any presentations. I just picked up the presentations off their website. There aren't any p and l projections in the feb presentation. Although if he did lower his pog assumption then all the better.
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