OTCQX:DMMIF - Post by User
Comment by
1kgcoffeeon Nov 13, 2013 4:18pm
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Post# 21903201
RE:RE:RE:RE:Up 20%
RE:RE:RE:RE:Up 20%Lets be optimistic and say they can mine 10 000 ounces at a total cost basis of $1200 and $1300 gold. That means a profit of only one million which will be mostly used to service their debts. We'd need to get cost of production down to <$800 and close to 30000ounces mined. to reach those levels which is still a ways off. Markets always run ahead though so you could be right.