My opinions about dates are based on the fact that
Post# of 4018
Posted On: 10/03/2012 1:37:58 AM
My opinions about dates are based on the fact that CEO Rod has been off by several months on all his estimates about how long things take. He seems to assume that everything will go without a hitch, and on his timetable, and it never does.
It is now October. Permits are still in the works, funding is on hold (or non-existent), and notes are coming due.
There is far more to re-opening a mine than "building a new heap leach pad/pond". There is at least 6 months of on the ground work needed, if not more. The logistics are nowhere as simple as you propose, and Rod's timelines have been severely optimistic.
I stand by my 2014 prediction. Here's a question....let's take the very possible hypothetical that the mine is nowhere near production when Q1 2013 rolls around. How do you think the stock responds in that case if everyone has been asserting for months that a Q1 2013 opening was a sure thing? What happens if the same is true by mid-2013, or Q3? On the other hand, if people set late 2013 or early 2014 as their target, what would happen if SIRG started production earlier than predicted, say in Q2 2013?
Setting unrealistic targets just leads to inevitable disappointment. Setting conservative goals avoids disappointment, and often results in pleasant surprises.
It is now October. Permits are still in the works, funding is on hold (or non-existent), and notes are coming due.
There is far more to re-opening a mine than "building a new heap leach pad/pond". There is at least 6 months of on the ground work needed, if not more. The logistics are nowhere as simple as you propose, and Rod's timelines have been severely optimistic.
I stand by my 2014 prediction. Here's a question....let's take the very possible hypothetical that the mine is nowhere near production when Q1 2013 rolls around. How do you think the stock responds in that case if everyone has been asserting for months that a Q1 2013 opening was a sure thing? What happens if the same is true by mid-2013, or Q3? On the other hand, if people set late 2013 or early 2014 as their target, what would happen if SIRG started production earlier than predicted, say in Q2 2013?
Setting unrealistic targets just leads to inevitable disappointment. Setting conservative goals avoids disappointment, and often results in pleasant surprises.
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