RE: Taking back my official status...And gain +.13 in the last minute on 500 shares today with a little bit of last minute manipulation.
Yep, here's one for you: 5000 ton per day shallow open pit. 2006 Abitibi costs apply thank you. 1.85 g/ton (not the 1 g/t as for some other companies we know). Company shows a cash cost of $325 but is losing close to a million per quarter (go figure), and all this at today's costs (not forward 5 years when some other deposits may or not be producing).
CMM.V is the suggestion (kind of have to really dig in to their releases though to find the actual numbers, as opposed to the numbers they want you to register).
No heap leach economics here as this is what we call hard rock mining (a little colder up in Abitibi too than in Nevada I guess), maybe that's why no mining companies make money up there at .5 g/t ,in fact the ones that try to produce at that grade tend to go bankrupt for some reason.
Downside- also used to be owned and/or shut down by a couple of majors.
Upside , it trades at $1.00., which is also a little hard to figure out when you are losing close to a mill a quarter.
Trex