GREY:GYPHQ - Post by User
Post by
red911on Nov 30, 2011 10:03am
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Post# 19278214
2011 Production...
2011 Production...A few weeks ago GGN provided re-estimated 2011 production of 3700 oz Au. These ounces were originally estimated to cost just 400 $/oz. It would seem this cash cost per ounce will be somewhat higher given overliner isues. Say this cost increases to 600 $/oz... i.e. 50% higher... I really know nothing about this but I can't see cost rising that much. At an average of 600 $/oz cash costs that equates to profit of over $4M. 2 months production and $4M profit before the end of 2011... i.e. 31 days. red911