Santacruz explains some Q1 numbers I was questioning
Click download link to listen on this device: Download Show
Jun 06, 2014 06:02 AM
I get it.
There is a 43-101 but no feasability study.
This stock looks like a hail mary pass to the endzone.
“The decision to commence production at the Rosario Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a more preliminary estimate of inferred mineral resources. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101.”