GREY:ABGFF - Post by User
Comment by
hassyon Jul 12, 2012 8:00pm
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Post# 20109001
RE: RE: RE: take over ?
RE: RE: RE: take over ? As Brian mentioned in his presentation during AGM, exploration will not happen (although all the drills are prepared and ready to go now) until the plant reachs commercial production. The company's focus now is to hit that milestone (3,000/oz per month) which would give the company the flow of cash to expand on its resources via exploration or new acquisition.
Exploraton upside based on the presentation is certainly multiples of what's currently proven (ie. 3-4x or 1M oz +)
Production upside is at least 200%+ (that's the capacity is our mill based on existing configuration. more if additional crusher are purchased).
Not sure why people are sellng at this level...other than the penny flippers. I personally wont sell a share until this hits 1- 1.25 range.
H