TSX:SGR.UN - Post by User
Comment by
WinstonSmithon Sep 24, 2013 7:06pm
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Post# 21764687
RE:misconception re breakeven winston
RE:misconception re breakeven winston
You can't tack the 350.00 /oz loss from previous operations into the cost of today's production.
That loss has been realized by a hit on shareholder's equity... driving the SP lower... Going forward if SGR produces at 1400 cost and sells at 1500... that is net income of 100 bucks/oz.
There is nothing wrong with this company that a renewed bull market in the POG can't fix...and the SP return to the 3 buck range from whence it came.