GREY:NWMMF - Post by User
Comment by
eduardo12on Jan 03, 2013 1:33pm
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Post# 20793281
RE: RE: Argonaut Warrant Excercise
RE: RE: Argonaut Warrant Excercise Cash cost of under $900 isn't too bad these days given size of production. QMX Gold Corp's Lac Herbin Mine is similar to lluvia and the cash cost is well over $1400/ounce. Gran Colombia Gold Corp has a cost of $1300/ounce.
It's understandable to mine solely at lluvia to minimize expenditures on pit design and implementation at jojoba. So what if it's lower grade, profitability is proven.
Unfortunately, Chris and the CFO have provided false hopes for many investors. Quite honestly, the only hope is to sell this company. I'm sure there are intesrests, but if these numb nuts can't even maintain investor interest, then how can they invite potential buyer interest? We have zero coverage from any analysts. Im sure these guys will get a well deserved earful at the investor meeting.