GREY:GRFJF - Post by User
Comment by
RedHorizonon Dec 20, 2008 1:47am
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Post# 15659160
RE: Question for the board
RE: Question for the boardThey currently have 4.3 million ounces of resources in all categories. If we say that they will produce 150,000 ounces per year without trying to increase production we have close to 30 years of mine life. I have spoken with IR at the company and they expect to expand the resource somewhat through drilling, so afaics this is a very long life high quality mine run by competent management. The CEO used to be the CEO of Barrick
The company would also like to make an acquisition since they have cash, cash flow, and there are bargains to be had today. I think this one is a slam dunk.