RE: RE: RE: RE: RE: RE: RE: Kiwi's last post Belgie... Actually rather timely release of SGNs LOM report this AM... Some key comparisons... according to SGNs report...
-- Average annual gold production of 30,000 oz over the projected life of mine. -- Total direct operating cash costs of $906/oz gold over the life of mine.
As I have stated... GGN expects to be producing up to 30,000 oz Au/year by December at cash costs of $600-700/oz Au... Would seem comparable to SGNs numbers just released, no?
Also don't forget SGN only holds a 70% interest in Mineral Ridge (Waterton owns the other 30% interest) and sells all of their gold to Waterton for at discount (I think 1-2% discount, standard)... GGN holds 100% of Borealis but pays a 5% NSR and also sells all of their gold to Waterton for at discount (3%)... My point... Waterton has a 'grip' on both companies... Sure SGN has paid their debt and that's great but there is no reason to think GGN won't follow the same path.
Anyhow, that's only how I see it. We'll see how this pans out. But I do agree it is time for GGN to deliver.