GREY:GRFJF - Post by User
Comment by
stocksnbondson Mar 05, 2009 11:28pm
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Post# 15824806
RE: RE: Hell NO!: Orwell
RE: RE: Hell NO!: OrwellI was just about to write the same thing. Someone on this board about a year ago gave me a tip about CGC.
I can't thank them enough.
Sorry if I'm pumping but CGC management has executed on every point they have stated and are not only cash flow positive but their bottom line is increasing drastically. They will produce only 70,000 oz but they are unhedged and their cash costs are about 250 oz!! These costs are among the lowest in the industry. At roughly $.75, they're one of the best bargains out there.
The ironic part of my spamming here is that CGC management used WGI as a benchmark (stated publically in 2 of their conference calls) for a small one-mine firm. I also hoped for a combination of the two which would have made much more sense but then again I would assume both CEOs would not have wanted to give up their positions as the NGD CEO had to do.
s.b.