GREY:HRIVF - Post by User
Comment by
Power1on Jan 04, 2009 10:08pm
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Post# 15681566
RE: RE: IS THIS TRUE? ---WHAT IS R COST/OZ?
RE: RE: IS THIS TRUE? ---WHAT IS R COST/OZ?Don't get your hopes too high.
Q4 will be a wipeout and I don't have high hopes for Q1 either. Buryatzoloto is a profitable operation but I can't see Berizitovy or Somita making a positive contribution until production levels increase. Production costs per oz will remain high until they get up to 85-90% capacity. It will however be interesting to see buryatzoloto costs given weakness in the ruble and oil.
I'm hoping we are positive cashflow Q2. If this occurs, S/P should be pushing .50 plus. Gold price the variable here. a $200 jump is a $50 million annual cash injection.
Current stock price IMO still reflects that of a producer near bankruptcy. Like I said before, January is the turn. It all starts with debt restructure.