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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Power1on Jan 04, 2009 10:08pm
306 Views
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.

Bullboard Posts