High River Gold Mines Ltd HRIVF

Here is how I see costs.... not bad at all.

[Olderwisernow]

I calculate that the overall estimate of costs per ounce will come in at arount $448 per ounce, based on their production of 280,000 ounces in 2008 and the figures they have issued. If I am correct, this is an increase per ounce of about 3-4% over 2007 cost per ounce, but with apr. double the production. You can do the math if you like and give me your figures. Production per mine, times estimated costs now per ounce. Add up the totals, divide by total (280,000 ounces)
Gold average price looks to be over $850 per year, but who knows, it could be maybe a bit lower, or more likely I think higher. At 400 per ounce profit on 280000 ounces  112,000,000 on the gold alone.
But remember: reserves are going up here, and there are other assets of considerable, and looking to grow value. I see big increase in price, big increase in cash flows coming.
I say buy on any pullbacks, induced by negative whatever. All my opinion of course.
HRG $5 plus coming.IMO