RE:RE:Keep cranking it outPerambulator wrote: Buccaneersllnd wrote: At a larger and larger loss with each passing day. Shutting it down today would make too much sense.
I wonder if this is good for the pfs:
https://www.mining.com/gold-price-sinks-below-1700-ahead-of-key-central-bank-meetings/
Bucco
I have seen companies mining and processing at a loss before, but in EVERY case they had a plan to improve recovery by trying new methods or additional processing or the promise of higher grade ore just around the corner. I have never seen a company just keep producing at a loss without a plan to improve production, and to keep it up for so long is just sheer stupidity. Not only have costs risen and the gold price reduced, but key personell must have already left in droves knowing shutdown should have occurred six months ago. So who is running production? Clown show run by incompetent idiots.
Scotty is running things. And Bones.
Its called the Un Bre-x grace period. Gotta fool them folks. Shutting down 18 months after startup is better than shutting 4 months after startup which was when Henry decided to get out of Dodge.
Ned