NYSEAM:ANV - Post by User
Comment by
BREAKtheCOMEXon Jun 24, 2014 9:16am
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Post# 22688666
RE:hey breakthecomex
RE:hey breakthecomexThere are actually 34 million official shorts as of May 31st. Today we will get the June 15th number. The shorters are betting ANV will not be able to finance the new mill which will cost $1.3 Billion. The easily leached sulphate ore will run out in 6 years and the mill is required to oxidize the deeper (richer) sulphide ore. WHEN the mill is built they will produce over 400,000 oz of gold per year at under $500 per ounce using silver as a bye-product credit.
Good luck with your investments!