RE:Magino
Rita,
I admire your enthusiasm and share your optimism about Magino. I too think it will be a very reasonable project, and most importantly, Argonaut has in place the equity component to bring it to production. Other projects may look better on paper, but lack that all too important 30-40% equity component that lenders demand.
Your math is a little off, however. When you hear "all in sustaining cost" , you should hear "partly in sustaining cost". All in costs usually exclude such inconvenient expenses like the head office and all who toil therein, as well as interest on debt, and a whole host of other inconvenient expenses. Welcome to gold mining!!!