GREY:LACHF - Post by User
Comment by
RedHorizonon Feb 17, 2009 5:42pm
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Post# 15784661
RE: New Mine
RE: New MineI want to make a correction to my prior post. The 30,000 ounces from White Foil will begin by 2010, it is possible that we get some production from WF in 2009 but not definite.
After the close LMA also announced that the 3 existing mines will produce between 85,000-100,000 ounces in 2009, not including anything from White Foil. Expected cash costs will be $497 per ounce.
So this means that for 2010 we should expect a range of 115,000-130,000 ounces of gold production assuming no further growth in our first 3 mines. Consequently I still believe that this is the cheapest junior producer out there. 100,000 ounces of production for a $45million market cap (U.S.).
Best of success to all.