OTCPK:ARLZQ - Post by User
Comment by
eebleron Jan 09, 2008 11:45am
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Post# 14174259
RE: even at 900 still can''''t pass 4$
RE: even at 900 still can''''t pass 4$Three things to also consider in terms of value:
- gold may be $900 but the parity of the Cdn dollar means that when gold was still back at $650 that was in U.S. $ which at that time was equivalent to about $750 Cdn, so in terms of Cdn $ it is only up by ~ $150
- ARZ has been having difficulty sourcing skilled labour so they haven't been able to ramp up production as much as they want
- with oil/fuel costs up (which I haven't seen the details to know what percent of overall costs they represent), cost to process and ship the gold is also going up so rise in price is mitigated by "perceived" rise in operating costs (in Q3 they actually reduced cash costs by 5% so maybe they actually have costs under control, but the average investor might not think that way)
Eebler