GREY:ADAIF - Post by User
Post by
kroghon Nov 19, 2007 4:28pm
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Post# 13832210
Isn''t the cost way too high?
Isn''t the cost way too high?These numbers look disappointing to me. Is it really just a start up problem?
In the 4th quarter, they will have a revenue of 13 million and costs of 12 million.
What is happening? If this is a general phenomenon across the industry, metal prices must actually rise substantially to make mining profitable.
Can ADA justify the current market cap at these metal prices? I would say no, seeing todays report. And where is the upside going to come from?