GMTN Positive EBITDA in their 1st quarter of production!Funny how the speculation on bad news went like a Colorado fire storm. There's some choice things I'd like to write about all of that, but I'll rise above. This company delivers and will continue to do so under Kevin Smith.
I'm not concerned with the AISC at this point during startup as this is very common. As they work out the processes this will come down. Also, when comparing even the startup AISC to other current producers, it's still in excellent shape. Some producers never get to the level GMTN is at...ever, or they struggle with startup in a big way losing money until they can fix their processes (i.e., Novo Resources). Which is why I'm putting more money in to GMTN vs Novo.
Well, the Youtube video I shared this morning resonates even more! I'm excited to buy more shares at lower prices and will continue to do so. The overall market will give opportunities both to buy, and sell some shares, to optimize my avg share price. All the best, and excited about their key initaitives as well.