absurdA producing Company with a market cap of 18 Mio.??? That's absurd IMO.
EDR as well as GGC had the same problems. RCT stock isn't much diluted, so it needs just a small number of shares to bring the price down on current level. The company brought the false news at the false time.
All companies are confronted with higher production costs, so the 1,5 mil $ are in line with the current market conditions. They need better grades or the grades from the new zones, that's right.
But this stock at this traded price is absurd.
By the way, following the high production costs and lower grades by more and more silver producers it's just a matter of time that the price for silver will grow.
blue_sea