finally someone who understands the significane of a rising gold/silver ratio. if that ratio hits my targets, the Reid's will have to warn on production #'s for the 4th quarter. i think the stock will be sliced in half when/if that happens.
I believe Pear is beginning to undedstand the significance of the ratio change. I believe this is why he has only a 40k ounce AuEq target for the last 6 months of 2011.... much smaller than management's lofty expectation of up to 50k ounces.
maybe. they also forgot to factor in the base metals. they have been destroyed. that is going to lead to higher costs. so they should miss on production #'s and cash costs per gold equivalent ounce produced.