OK Yannio I’ll type REAL SLOW so even you’ll be able to understand this post.
With your vast mining expertise, tell us all how much it costs to bring a gold mine into production? There are different types (i.e. skarn, mantos, open pit, etc). Actually the float for GOZ is rather small especially when compared with its peers that have no production and probably will never produce. I’m impressed you’re able to calculate the market cap of this or any other play. GOZ should be considered a bargain at any price less than $1 and yet it trades at $0.15. For the record I own 120K shares at an average price of $0.132.
V.GOZ Operational Objectives
During the next few months the company plans to evaluate or complete the following objectives:
- Complete test mining of stopes - currently three completed and three underway
- Complete on-going feasibility study utilizing stope mining results
- Declare commercial production
- Develop the Central Tunnel area where historic mining and diamond drilling demonstrate higher gold grades
- Evaluate development of decline to access a lower level (cost CDN$1.1 million, SEK$7.0 million) to provide sufficient plant feed from the underground unit for 2009
- Increase open pit production to decrease reliance on stockpiles
- Plant upgrade - install a second Knelson Concentrator in 2009 (ordered in Sept.) to improve gold recovery
Well Yannio it seems you DID learn something just by completing a minimal amount of DD where V.GOZ is concerned. Good for you. Stand proud Yannio.
Now my question to you is…….which bank do you work for? Does your taskmaster pay you well to shamelessly pump banks on a regular basis?
Now let’s take a look at a very precarious balance sheet! What do ya say? BMO $400 billion assets; $2.7 trillion total derivatives. ($2.0 trillion OTC derivatives). A terrible ratio of capital and liabilities. Talk about leveraged to the hilt. How much exposure to Citigroup does BMO have?
Good luck.
SMF069